transitive verb
Definition 1
Beat, overcome, outdo (rival, etc.).
Source: Invertext
Context: Even Sir Stuart Rose, chairman of M&S, was forced to doff his cap to Price after his rival trounced him over Christmas. "We were bested by Waitrose," he said. "They have been well ahead over the past year."
Source: Financial Times 19/06/2010 (Elizabeth Rigby)