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Beyond Meat Q2 revenue falls 9% to $93.2m, but gross margin reaches 14.7%, and the net loss narrows to $34.4m.
Beyond Meat's Q2 revenue fell 9% to $93.2m due to decreased demand for plant-based products.
Despite this, the company reported a better-than-expected sales result, and its gross margin reached 14.7%, its highest since Q3 2021.
Beyond Meat introduced healthier products, such as Beyond Burger patties with 60% less saturated fat and healthier sausages made with avocado oil.
The company's net loss narrowed to $34.4m, compared to $53.5m a year ago.
Beyond Meat's full-year revenue forecast was revised to a range of $320m to $340m.
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Los ingresos de Beyond Meat Q2 caen un 9% a $ 93.2 millones, pero el margen bruto alcanza el 14.7%, y la pérdida neta se reduce a $ 34.4 millones.