Beyond meat reports qtrly net revenues of $113.3 mln, up 69%

Beyond meat - qtrly net revenues $113.3 million, up 69%; qtrly loss per share $0.16; qtrly adjusted loss per share $0.02.q2 earnings per share view $-0.02, revenue view $99.7 million -- refinitiv ibes data.beyond meat - co's 2020 outlook, previously provided on feb. 27, remains suspended until further notice.beyond meat - in quarter, increased retail channel sales were partially offset by reduction in foodservice channel sales.beyond meat - qtrly growth in volume sold was driven mainly by increased retail channel sales.beyond meat - qtrly gross margin of 29.7% of net revenues versus 33.8%.beyond meat - in quarter, co repacked, rerouted products to meet increased consumer activity in retail aisles.beyond meat - unable to predict continuing impact of covid-19 on business for balance of the year with reasonable certainty.beyond meat - qtrly u.s. retail net revenue about $90 million versus $30.5 million.beyond meat - qtrly u.s. foodservice net revenue $6.5 million versus $16.5 million.
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