Beyond Meat stock drops amid Q2 revenue miss tied to declining U.S. demand

Beyond Meat (BYND) shares are declining after reporting a second-quarter revenue miss. The alternate meat company cites falling U.S. demand while posting quarterly revenue of $102.15 million — against expectations of $108.46 million.

"We still have 60% of Americans living paycheck to paycheck and they're becoming much more concerned about how much they're spending on everyday expenses," Miller Tabak Managing Director and Equity Strategist Matt Maley told Yahoo Finance Live, emphasizing the state of the U.S. consumer against Americans' ability to spend on sustainable food products.