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.

August 07, 2024
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