NEW YORK - Beyond Meat is raising its sales forecast for the year even as it faces more competitors making vegetarian meat alternatives. The El Segundo, California company updated its outlook Monday after seeing its sales more than triple in the latest quarter and logging its first quarterly profit. But Beyond Meat and rival Impossible Foods are also facing more competition. Beyond Meat Inc., which went public in May, said it now expects revenue of $265 million to $275 million for the year. It previously forecast sales of more than $240 million.

Source: thestar October 28, 2019 20:26 UTC