Beyond Meat reports better-than-expected sales despite demand remaining weak

Beyond Meat says its revenue fell nearly 9% in the second quarter on lower demand for its plant-based burgers, chicken and other products. The El Segundo, California-based on Wednesday company reported revenue of $93.2 million for the April-June period. That was better than the $87.8 million Wall Street anticipated. Beyond Meat narrowed its net loss to $34.4 million, in line with analysts’ forecasts. Beyond Meat has been trying to boost demand with new, healthier products. Earlier this spring, the company introduced Beyond Burger patties and Beyond Beef grounds with 60% less saturated fat than the previous products.