According to the company, gross margin reached 19.3% in the third quarter. Beyond Meat attributed the improvement to lower production, inventory management and logistics costs.
Net loss also narrowed compared with the same period last year, supported by higher gross profit and other income.
At the same time, retail sales in international markets increased. In Europe, in particular, sales of plant-based burgers and products designed to imitate ground beef rose.
For the fourth quarter, Beyond Meat forecasts net revenue of between $54 million and $59 million.
The company also stressed that the operating environment remains uncertain and volatile, and therefore limited its outlook to fourth-quarter revenue only.
PigUA.info, based on materials from Reuters