Reuters Beyond Meat beat estimates for secondquarter revenue on Wednesday and raised the lower end of its sales forecast for the year, as it benefited from a string of price increases on its plantbased faux meat burger patties and sausages.

The company39;s move to raise prices and cut costs last year also helped boost quarterly margins, which surged to 14.7 from 2.2 a year earlier.

We expect U.S. pricing actions to provide a tailwind toward net revenues per pound in both channels through the balance of the year, CEO Ethan Brown said on a postearnings call.

Easing expenses related to manufacturing and logistics helped the company offset the impact of higher raw material costs.

Beyond Meat saw a moderate drop in its domestic retail and foodservice businesses as a sequential rise in marketing and promotional activities helped attract customers who had switched to lowerpriced animal proteins.

The company saw a 6.1 increase in quarterly net revenue per pound helped by lower trade discounts as well as prices of some products in U.S. retail and foodservice channels.

In its domestic retail channel, the company reported an increase of 20.5 in net revenue per pound, compared with a 6.3 decline a year earlier.

Its Q2 earnings show a glimpse of what is likely to be Beyond Meat39;s near to medium future a gradual decline in sales losses with a path towards profitability, eMarketer analyst Blake Droesch said.

The company39;s quarterly volumes were down 14 after falling 23.9…