Reported 2 months ago
Beyond Meat reported second-quarter sales of $93.2 million, surpassing analyst predictions despite a nearly 9% decline in revenue. The company narrowed its net loss to $34.4 million as it worked to streamline operations. While sales volumes fell 14% due to weak demand, the increase in net revenue per pound indicates a strategy of reducing discounts and raising prices. New product introductions aimed at health-conscious consumers are part of Beyond Meat's efforts to boost demand.
Source: YAHOO