Beyond Meat posts positive growth for first time in almost 3 years

Quick Summary:

Despite quarterly sales volumes taking a hit, CEO Ethan Brown told analysts that the company’s price hikes are helping on its path to profitability.

Beyond Meat's Beyond Burgers in their packaging.

The plant-based protein producer reported net revenues were $81 million for the third quarter this year, reflecting a 7.6% increase.

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Article Details

Author / Journalist: Elizabeth Flood

Category: EconomyBusiness

Markets: United States

Topics: Food Products Quarter Brown Profitability Told Price Years Revenue Plant-based Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 10:50:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 383 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 23522192

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