Wall Street has no appetite for Beyond Meat (NASDAQ: BYND) stock these days. Its shares plunged over the past year as the plant-based protein specialist saw collapsing demand, thanks partly to consumers' preference for cheaper meat products. Success here might allow the company to hold a dominant position in the industry niche after the current shake-out removes some competition.
Raise a toast to Diageo (DEO), Beyond Meat (BYND), BJ's Restaurants (BJRI), McDonald's (MCD) and Sprouts Farmers (SFM) to find some hidden luck on this Irish festival.
The alternative meat producer plans to improve profitability, but its troubles may be bigger than its plan can solve.