Beyond Meat on Wednesday reported better-than-expected sales in the second quarter despite continuing weak demand for its plant-based burgers, chicken and other products.
The El Segundo, California-based company said its revenue fell nearly 9% to $93.2 million for the April-June period. That was better than the $87.8 million Wall Street anticipated, according to analysts polled by FactSet.
Still, it was Beyond Meat’s ninth straight quarter of year-over-year revenue declines as it continues to fight consumer perceptions that its products are overly processed, unhealthy or just not tasty. Beyond Meat said its sales volumes fell 14% in the April-June period on weaker retail and food-service demand in the U.S. and international markets.
Beyond Meat has been trying to boost demand with new, healthier products. Earlier this spring, the company introduced Beyond Burger patties and Beyond Beef grounds with 60% less saturated fat than the previous products. A healthier sausage, made with avocado oil, followed in June.
And last month, it debuted Beyond Sun Sausage, a product filled …