Packs of Beyond Meat plant-based burger patties are displayed for sale.
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Beyond Meat on Thursday reported a wider-than-expected loss as higher costs and investments in its business weighed on margins.
The company also expressed caution for the second half of the year, citing the delta Covid variant.
Shares of the company fell more than 4% in extended trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Loss per share: 31 cents vs. 24 cents expected
- Revenue: $149.4 million vs. $140.8 million expected
In the fiscal second quarter, Beyond said its net loss widened to $19.7 million,…