Beyond Meat reverses revenue slide by raising prices on its plant-based products

Beyond Meat reversed a income descent successful nan 3rd quarter, increasing gross for nan first clip since 2022 arsenic it charged higher prices for its plant-based meat.

The El Segundo, California-based institution said its gross roseate 7.6% to $81 cardinal successful nan July-September period. That was higher than nan $80.1 cardinal Wall Street was expecting, according to analysts polled by FactSet.

Beyond Meat said it saw a 7% alteration successful nan measurement of products sold but a 15.8% summation successful nett gross per pound. The institution has been trying to trust little connected discounting and position its newer, healthier burgers, sausage and grounds arsenic premium products.

It said it narrowed its nett nonaccomplishment to $26.6 cardinal for nan quarter, compared to $70.5 cardinal successful nan 3rd 4th a twelvemonth ago. That loss, of 41 cents per share, besides hit analysts' forecast of a 48-cent loss.