© Reuters. FILE PHOTO: Products from Beyond Meat Inc, the vegan burger manufacturer, will be on sale at a market in Encinitas, California on Monday
(Reuters) – Beyond Meat Inc (O 🙂 The burgers and sausages on a plant basis rose in the second quarter and led to an increase in the annual forecast. The shares fell, however, as the company announced plans for a stock offering.
The company's shares initially rallied after the end of regular trading, but declined 1
Beyond Meats shares have risen by over 780% since the IPO in May, as the company's meat alternatives have surfaced in restaurants such as Carl's and on the shelves number of grocers, including Kroger Co  (N :).
Net sales nearly quadrupled to $ 67.3 million in the three months ended June 29, according to Refinitive IBES
The Company expects net sales to increase by more than 170% in 2019 $ 240 million, after $ 210 million in the previous month.
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