Beyond Meat’s 2Q sales jump as more try plant-based burgers

By DEE-ANN DURBIN AP Business Writer
More people are throwing plant-based burgers on the grill this summer.

Beyond Meat, which makes pea protein-based burgers and sausages, says its second-quarter revenue jumped 69% to $113 million as more households tried its products.

That far outpaced Wall Street’s forecast of $99 million. The El Segundo, California-based company reported a net loss of $10 million for the April-June period.

Adjusted for one-time items, including coronavirus-related expenses, Beyond Meat lost 2 cents per share. That was in line with analysts’ expectations.

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