Beyond Meat reported its U.S. grocery sales nearly tripled in the second quarter as more consumers cooked its meatless burgers and sausages at home, but extra costs related to the coronavirus pandemic resulted in a quarterly loss.
"We had a lot of help from the beef industry itself, because they've been experiencing some very high pricing," Brown said.
While Beyond's quarterly grocery sales surged, its U.S. food service sales, which include restaurants and universities, plunged 60.7% during the quarter due to the virus.
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