Beyond Meat beats revenue estimates on gains from price hikes

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Beyond Meat beats estimates for second-quarter revenue on Wednesday and raised the lower end of its sales forecast for the year

Beyond Meat beats estimates for second-quarter revenue on Wednesday and raised the lower end of its sales forecast for the year

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The move to raise prices and cut costs last year also helped boost quarterly margins, which surged to 14.7% from 2.2% a year earlier.

The move to raise prices and cut costs last year also helped boost quarterly margins, which surged to 14.7% from 2.2% a year earlier.

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Beyond Burgers are primarily made from plant-based proteins.

Beyond Burgers are primarily made from plant-based proteins.

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For 2024, it expects net revenue in the range of $320 - $340 million, compared with its prior forecast of $315 - $345 million.

For 2024, it expects net revenue in the range of $320 - $340 million, compared with its prior forecast of $315 - $345 million.

Beyond Meat (BYND.O), opens new tab beat estimates for second-quarter revenue on Wednesday and raised the lower end of its sales forecast for the year, as it benefited from a string of price increases on its plant-based faux meat burger patties and sausages.