Beyond Meat (BYND) cuts revenue outlook for the third quarter due to the macro and micro-economic factors. Also, operational challenges and adverse weather conditions are headwinds.
McDonald’s Corp, the largest restaurant chain in the world by sales and the leading burger fast-food chain, is expected to report its third-quarter earnings of $2.46 per share, which represents year-over-year growth of over 10% from $2.22 per share seen in the same period a year ago.
The maker of plant-based meat substitutes released preliminary results for the third quarter, warning that its growth would fall far short of its forecast. Beyond Meat said in a press release that the company was reducing its third-quarter net revenue outlook after reviewing its preliminary results. This marks a sharp deceleration from the company's recent growth rate.