Beyond Meat's forecast disappoints Wall Street

Beyond Meat expects to generate sales between $560 million and $620 million this year. That falls short of the $637.3 million expected by analysts. The company is coming off a 2021 in which plant-based meat category sales fell 0.4 percent. "We experienced intense increased competition during the period when the size of the prize did not expand," said Ethan Brown, Beyond Meat CEO.