Shares in Beyond Meat fall after backing away from cash-flow target

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Shares in Beyond Meat fall after backing away from cash-flow target
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The company reported second-quarter revenue of $102 million

Shares in Beyond Meat fell late on Monday evening in the United States after the company said it’s unlikely to become cash-flow positive in the second half of 2023.

The company and its plant-based peers have experienced declining sales as consumers lose interest in the products amid high prices and questions over the products’ taste, texture and health benefits.

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