Beyond Meat Q1 revenue reaches $58.2 million, surpassing expectations, with adjusted net loss narrowing

Glonghui, May 7 — Plant-based meat producer Beyond Meat announced that first-quarter revenue was $58.2 million, slightly above analysts’ average expectation of $58.1 million. Adjusted loss per share was 10 cents, compared to a loss of 77 cents per share in the same period last year. The company expects second-quarter revenue to be between $60 million and $65 million, which is below analysts’ expectations of about $67 million.