Beyond Meat (NASDAQ:BYND) reported a Q2 loss of $0.83 per diluted share, narrowing from a loss of $1.53 a year earlier.
Analysts polled by Capital IQ expected a loss of $0.84.
Revenue for the quarter ended July 1 was $102.1 million, compared with $147 million a year earlier. Analysts surveyed by Capital IQ expected $109.2 million.
For 2023, revenue is projected to be about $360 million to $380 million, compared with prior guidance of $375 million to $415 million. Analysts polled by Capital IQ expect $379.8 million.