By Uday Sampath Kumar
(Reuters) – Beyond Meat Inc on Friday cut its third-quarter revenue forecast, blaming a drop in demand from grocery stores and lingering effects of the Delta variant of the coronavirus.
The faux meat maker said it now expects third-quarter net revenue of about $106 million, compared with its prior forecast of $120 million to $140 million.
(Reporting by Uday Sampath in Bengaluru; Editing by Shinjini Ganguli)
