Beyond Meat has little substance

Plants instead of meat. Vegetarian food is undoubtedly in vogue. But now, a setback has been reported for the growing meat substitutes industry. US manufacturer, Beyond Meat, has extended its loss to around 97 million US dollars for the second quarter. The previous year’s quarterly loss was just under 20 million dollars. This time, the loss per share was 1.53 US dollars, whereas analysts had expected only 1.28.