The food producer Beyond Meat gave investors a detailed insight into its business records midweek and presented mixed results for the second quarter of 2024.

During the second quarter of the 2024 fiscal year, Beyond Meat reported a loss of $0.53 per share. Analysts had previously expected a loss of $0.525 per share. Compared to the same quarter of the previous year, when a loss of $0.83 per share was recorded, the company was able to achieve an improvement.

The company's revenues amounted to 93.2 million USD, falling short of the 102 million USD from the same quarter last year. Expert estimates of 102.2 million USD were also missed. Despite this decline and the missed revenue expectations, Beyond Meat's stock reacted positively in after-hours NASDAQ trading, rising temporarily by 3.05 percent to 5.40 USD.

Beyond Meat faces the challenge of asserting itself in an increasingly competitive market environment. The declining revenues and ongoing losses indicate that the company must continue to make efforts to become profitable and strengthen its market position.