Beyond Meat reported a second-quarter net income of $16.4 million, up from a net loss in the prior year, driven primarily by a $57.7 million non-cash debt gain. Net revenues decreased 8.2% year-over-year, while gross margins tightened to 8.5%.
Beyond Meat reported a second-quarter net income of $16.4 million, up from a net loss in the prior year, driven primarily by a $57.7 million non-cash debt gain. Net revenues decreased 8.2% year-over-year, while gross margins tightened to 8.5%.