Beyond Meat, producer of meat substitutes has strongly boosted sales in its first quarter as a listed company. However, the net loss was also higher, but this was partly due to higher interest charges and spending on research and development. The operational loss, on the other hand, declined.
Turnover was three times as high as in the first quarter of the broken financial year 2018 and amounted to 40.2 million dollars. Beyond Meat expects a turnover of 210 million for the whole of 2019. That is higher than what analysts had expected.
The operating loss amounted to 5.3 million dollars, compared to 5.6 million dollars a year earlier. A loss of $ 6.6 million remained below the line. that was $ 5.7 million in the same period last year.
Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.
