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Beyond Meat Q2 Earnings Call Highlights
['Logan Wallace']
Ticker Report
The revenue decline reflected a 9.5% decrease in product volume, partly offset by a 1.4% increase in net revenue per pound.
U.S. retail revenue declined 9.9% to $29.6 million, with volume down 5.7% amid category softness and reduced distribution points.
The carrying value of debt, net of debt discount, was $323.8 million.
For the third quarter, Beyond Meat expects net revenue of approximately $60 million to $65 million.
About Beyond Meat (NASDAQ:BYND)Beyond Meat, Inc (NASDAQ: BYND) develops, manufactures and sells plant-based meat substitutes designed to replicate the taste, texture and appearance of animal-based proteins.