Beyond Meat beats Q3 revenue forecast
Arbitration claim against company denied
Beyond Meat on Friday said it expects a net revenue of $70 million for the third quarter, reported Reuters.
Its expectations are above estimates of 68.9 million, according to data compiled by LSEG.
The company also said a former co-manufacturer's request to reopen an arbitration hearing that the faux meat maker inappropriately terminated an agreement, claiming damages of $73 million, was denied on Monday in a regulatory filing.