Barclays maintains underweight rating for Beyond Meat on weak demand

Barclays reiterated an Underweight rating on Beyond Meat due to weak demand and continued operating losses. The company's first-quarter results showed a 20% decline in consolidated volumes and a 15.6% year-over-year revenue drop. Gross profit margins were also weak. Analysts do not expect Beyond Meat to be profitable this year, citing category uncertainty and the need for more consistent results.