Beyond Meat (NASDAQ:BYND) management stated on the company’s post-earnings conference call that the company continues to plan to primarily invest in current and additional manufacturing facilities, expand R&D and invest in sales/marketing capabilities.
The company also says it doesn’t see any obstacles in working with large fast-food chains in the future in what could be an interesting development for burger chains such as Shake Shack (NYSE:SHAK), McDonald’s (NYSE:MCD), Wendy’s (NASDAQ:WEN) and Sonic (NASDAQ:SONC).
Shares of Beyond Meat are up 24.2% in premarket trading to $124.00 (new post-IPO high)
Previously: Beyond Meat EPS beats by $0.01, beats on revenue (June 6)
Previously: Beyond Meat rallies after first post-IPO earnings report (June 6)
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