July 29, 2019 / 8:10 PM / 20 days ago

Beyond Meat beats quarterly revenue estimates, raises forecast

July 29 (Reuters) - Beyond Meat Inc beat second-quarter revenue estimates and raised its full-year forecast on Monday, as the company’s plant-based burgers and sausages saw booming demand with consumers looking to try meat alternatives.

The company said it expects net revenue to rise over 170% to $240 million in 2019, up from the prior $210 million it had forecast just last month.

Net revenue rose to $67.3 million, above Wall Street’s estimate of $52.71 million, according to Refinitiv IBES data. (Reporting by Uday Sampath in Bengaluru; Editing by Sriraj Kalluvila)

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