(Reuters) - Plant-based meat maker Beyond Meat (O:BYND) reported weaker-than-expected quarterly sales on Monday, citing declines in restaurant sales and a slowdown in retail purchases as consumers worked through their stockpiles.
Net sales rose 2.7% to $94.4 million in the quarter ended Sept. 26, widely missing analysts' estimates of $132.81 million, according to Refinitiv IBES data.
Shares of the company were down 20% in after market trading.