The company lowered its revenue forecast for the year after a multimillion dollar loss in the second quarter. CEO Ethan Brown reported the news on an earnings call Thursday evening.
Beyond Meat is actively lowering costs and preparing to roll out new products — including a vegan strip steak in the near future — but the return to a more manageable level of inflation and overall economic predictability will be necessary for the once high-flying meat analogue company to resume healthy and sustainable financial growth.
CEO Ethan Brown issued that caveat several times in a conference call with equity analysts Thursday after the company had…
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