India, Nov. 4 -- Beyond Meat, Inc. (BYND), a plant-based protein company, on Wednesday reported a narrower third-quarter loss, as improved gross margins and lower operating losses helped offset declining revenue.
Net loss for the third quarter narrowed to $82.8 million, or $4.32 per share, from $97.0 million, or $37.96 per share, in the year-ago quarter.
Total revenues decreased 8.1% to $64.5 million from $70.2 million. The decline primarily reflected a 10.9% drop in sales volume, partly offset by a 3.2% increase in revenue per pound.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
U.S. net revenues fell 12.3% to $34.3 million, while international revenue declined 2.8% to $30.3 million. International...