Plant-based Beyond Meat is facing major headwinds - despite curiosity from some people looking for a meat alternative amid the Covid pandemic's meat packing plant shutdowns.Multiple industry analysts are sounding warning bells of impending disaster as the company comes off a $100 million net loss in May and sees multi-year partnerships with brands like McDonald's and Taco Bell prompt lackluster enthusiasm - as its stock has dropped 74 percent in the last year.May’s was just the latest admission that Beyond Meat isn’t meeting the lofty expectations it set just a few years ago. The company acknowledged it has 'a history of losses, and we may be unable to achieve or sustain profitability' for the foreseeable future in its latest report.
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