Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Beyond Meat Inc.
issued a profit warning for the third quarter and full year early Thursday and said it would cut 19% of its global non-production workforce after an expected return to growth failed to materialize. The plant-based food company said it now expects a third-quarter gross loss of about $7 million to $8 million and for revenue of about $75 million, below the $88 million FactSet consensus. It expects free cash flow to be positive at about $7.6 million.
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