22 Aug 2022

The US vegetable protein company Beyond Meat continues to fight against the global recession and the low level of demand for its products. The company reported losses of $97.1 million in the second quarter of the year, compared to a loss of $19.7 million in the same period last year.

 

 

In the first six months of this year, losses ballooned to $197.6 million, compared to the $46.9 million loss in the same period of 2021. Revenue fell by 1.6% r over the last quarter to $147 million.


Beyond Meat also lowered its full-year sales forecast to between $470 to $520 million, down from its previous forecast of $560 to $620 million.

About APLF

We bring leather, material and fashion businesses together: an opportunity to meet and greet face to face. We bring them from all parts of the world so that they can find fresh partners, discover new customers or suppliers and keep ahead of industry developments.

 

We organise a number of trade exhibitions which focus on fashion and lifestyle: sectors that are constantly in flux, so visitors and exhibitors alike need to be constantly aware both of the changes around them and those forecast for coming seasons.

 

APLF Fairs follow Informa AllSecure, Informa’s approach to enhanced health and safety standards at events in the aftermath of COVID-19.

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