None
EN
Beyond Meat Beats Q2 Guidance With $68.8M in Revenue, Names Olam Veteran as COO
[]
vegconomist – the vegan business magazine
Beyond Meat reported second-quarter net revenues of $68.8 million, down 8.2% year over year but above the company’s own guidance range of $60 million to $65 million.
The results coincide with a set of leadership changes that include a new chief operating officer and the return of founder Ethan Brown to the board.
The company recorded net income of $16.4 million for the quarter, a swing from a $31.8 million net loss a year earlier.
For the third quarter, Beyond Meat expects net revenues of approximately $60 million to $65 million.
© Brijesh KrishnaswamyNew COO from OlamBeyond Meat has appointed Brijesh Krishnaswamy as chief operating officer, filling a role covered on an interim basis by chief transformation officer John Boken since May.