Beyond Meat’s loss widens amid higher costs, shares fall as pandemic clouds outlook

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Beyond Meat on Thursday reported a wider-than-expected loss as higher costs and investments in its business weighed on margins.The company also expressed caution for the second half of the year, citing the delta Covid variant.Shares of the company fell more than 4% in extended trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Loss per share: 31 cents vs. 24 cents expectedRevenue: $149.4 million vs. $140.8 million expectedIn the fiscal second quarter, Beyond said its net loss widened to $19.7 million, or 31 cents per share, from a loss of $10.2 million, or 16 cents per share, a year earlier. Analysts surveyed by Refinitiv were expecting a loss per share of just 24 cents.The company said losses accelerated due to investments it is making to support its expansion efforts, such as adding to its workforce and spending more on marketing, as well as higher freight costs.Net sales rose 31.8% to $149.4 m
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