Beyond Meat raises annual revenue forecast By Reuters

(Reuters) – Beyond Meat (NASDAQ:) raised its forecast for annual revenue on Wednesday, as it benefits from a string of price hikes on its plant-based meat products amid sticky inflation, sending its shares up 16% after the bell.

The company expects net revenue in the range of $320 million to $340 million for fiscal 2024, compared with its prior forecast of $315 million to $345 million.