Beyond Meat plant-based meat sees sales fall due to inflation

EL SEGUNDO, California: Due to mounting transportation and raw material costs, Beyond Meat plant-based meats announced a higher-than-expected quarterly loss, adding that it expects a further decline in demand from its plant-based products.

After the company missed its quarterly targets, its shares fell 1 percent in extended trading.

Due to record-high inflation, consumers have been curbing spending on dis