The meat substitute specialist Beyond Meat can continue to rely on the boom in vegan burgers - and has made its first quarterly profit. In the past third quarter, sales grew year-on-year to $ 92 million (or about € 83 million), three and a half times higher. This was announced by the group in El Segundo, California.
On the bottom line, Beyond Meat made a profit of $ 4.1 million. A year ago, the company reported a loss of $ 9.3 million. Also the profitability in the daily business had tightened clearly because of the growth, it was called by the enterprise. The sales outlook for the full year Beyond Meat also raised because of the good sales: between 265 and 275 million dollars in revenue to be instead of the previously more than $ 240 million.
All this took advantage of the stock market, but initially little: The stock on Wall Street in recent months, temporarily a shooting star, lost more than 8 percent after-hours, because early investors sell their shares from Tuesday and should make the strong rise in price money.
Beyond Meat produces plant-based meat alternatives - without any animal ingredients. Above all, the vegan burgers of the company is a certain hype flared up.
The company, founded in El Segundo in 2009, went public at the beginning of May for $ 25 per share, after which the stock had risen dramatically. In July, she had been worth almost $ 240 at times. This Monday she closed on the Nasdaq before the announcement of the numbers at just over $ 105.