Beyond Meat Shares Drop as Losses Widen

Beyond Meat reported a wider-than-expected loss in its recently completed quarter because of higher spending. CEO Ethan Brown said cost-intensive measures the company took to support strategic launches weighed on its bottom line. Shares of the meat-alternative maker lower in after-hours trading. “We recognize that the decisions we are making today in support of our long-run ambition have contributed to challenging near-term results,” he said. Beyond Meat Chief Executive Ethan Brown: “Decisions we are… making today… have contributed… to challengingNear-term… results’s ‘challenging” quarterly loss, he said. Beyond Meat shares fell to a low of $1.2 billion in the last quarter. . . .

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