Beyond Meat reports better-than-expected sales despite demand remaining weak

By / / Gov & Politics / 1 minute of reading


Beyond Meat said Wednesday that its revenue fell nearly 9% in the second quarter on lower demand for its plant-based burgers, chicken and other products.

The El Segundo, California-based company reported revenue of $93.2 million for the April-June period. But that was better than the $87.8 million Wall Street anticipated, according to analysts polled by FactSet.

Its stock jumped 12% in after-market trading.

Beyond Meat narrowed its net loss to $34.4 million, or 53 cents per share. That was in line with analysts’ forecasts.



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Tracy Hill is the arts, automotive, travel, and fashion writer at Free Press Georgia. She's also a big fan of good food and fun times with friends. She grew up in Atlanta and attended college at Georgia State University. She started her career as an editorial assistant for the Atlanta Journal-Constitution before moving on to become an editor for a local news site. Since then she has worked for other publications as well as freelanced her own articles on topics she is passionate about.

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