date:Feb 28, 2022
Meatless burger patty and sausage pioneer Beyond Meat has reported less-than-bullish revenues during its Q4 2021 review with the company expecting to substantially moderate the growth of its operating expenses in 2022.
While net revenues closed at US$100.7 million a decrease of 1.2% year-over-year the alt-protein player recorded a net loss of US$80.4 million for the fiscal year ended December 31, 2021.
Last year, the company made significant headway in foodservice, with the launch of KFC Bey