June 6, 2019
(Reuters) – Beyond Meat Inc on Thursday reported quarterly revenue above analysts’ estimates in its first results since going public, as the company’s plant-based burgers and sausages found favor with consumers flexing their diet plan to add vegan alternatives.
The California-based company said net loss widened to $6.6 million in the three months ended March 30, from $5.7 million a year earlier.
Net revenue came in at $40.2 million, an increase of 215%, the company said. Analysts had expected net revenue of $38.9 million, according to Refinitiv IBES data.
(Reporting by Nivedita Balu in Bengaluru; Editing by Maju Samuel)