Beyond Meat has successfully halted a decline in its sales during the third quarter, achieving revenue growth for the first time since 2022 by implementing higher pricing for its plant-based products.

The company, based in El Segundo, California, reported an increase in revenue by 7.6%, bringing it to $81 million for the July to September timeframe. This figure surpassed the expectations of Wall Street, which had predicted revenue of $80.1 million according to analysts surveyed by FactSet.

In its report, Beyond Meat noted a 7% dip in the volume of products sold; however, it recorded a significant 15.8% rise in net revenue per pound. The firm has been focusing on reducing reliance on discounted pricing, instead promoting its latest offerings—healthier burgers, sausages, and grounds—as premium options in the market.

Furthermore, Beyond Meat improved its financial standing by reducing its net loss to $26.6 million for the quarter, in contrast to a much larger loss of $70.5 million reported in the same period last year. The loss per share was 41 cents, which was better than the anticipated 48-cent loss predicted by analysts.