Beyond Meat Stock Price, News & Analysis

Beyond Meat is expanding the availability of its Beyond Burger to over 2,400 Walmart locations, tripling its presence from approximately 800 stores. This increase follows the successful launch of the Cookout Classic™ value pack earlier this summer. Beyond Meat aims to enhance accessibility to plant-based meat products, responding to rising consumer demand. Currently, Beyond Meat products are available at around 112,000 retail and foodservice outlets across 85 countries. The Beyond Burger is noted for its 20g of protein and 35% less saturated fat than traditional beef.

Beyond Meat (NASDAQ: BYND) announced the expansion of its popular frozen Beyond Breakfast Sausage Patties to select Kroger, Super Target, Walmart, Publix, and Harris Teeter stores by the end of September.

With plant-based meat demand rising, Beyond Meat leads the refrigerated category, ranking as the #1 seller as of August 9, 2020. Each serving contains 11g of protein, 50% less total fat, and no GMOs or cholesterol. Beyond Meat aims to meet consumer demand for nutritious and sustainable protein options, continuing its growth trajectory with products available at 112,000 outlets across 85 countries.

Beyond Meat has announced the launch of its new product, Beyond Meatballs, which will be available in grocery stores nationwide starting this week. These pre-seasoned, plant-based meatballs are made from simple ingredients and offer 19g of protein with 30% less saturated fat and sodium compared to animal-based alternatives. The product will retail at $6.99 for 12 meatballs and will expand Beyond Meat’s portfolio, which already includes the successful Beyond Breakfast Sausage and Cookout Classic. The release follows growing consumer demand for healthier meal options.

Beyond Meat has signed an agreement with the Jiaxing Economic & Technological Development Zone in China to establish manufacturing facilities for plant-based meat products. This marks Beyond Meat as the first multinational solely focused on plant-based production to set up a major facility in China. The facilities are expected to commence trial production soon, with full-scale production anticipated by early 2021. This initiative aligns with China's significant market potential for plant-based meat.

Beyond Meat reported record net revenues of $113.3 million for Q2 2020, up 69% year-over-year, driven by a 192% increase in retail channel sales. Despite the COVID-19 pandemic impacting foodservice sales, retail growth was fueled by increased household penetration and average spending. Although the net loss reached $10.2 million, adjusted net loss improved to $1.2 million. The company introduced the Cookout Classic™ value pack, which aided in sales growth. The outlook remains suspended due to ongoing pandemic uncertainties.

Beyond Meat, Inc. (NASDAQ: BYND) is enhancing accessibility to its plant-based meats through new sales channels, including club and convenience stores. The company has successfully partnered with Costco, BJ’s Wholesale, and Sam’s Club. Beyond Meat has become the top brand in refrigerated plant-based meat, with significant retail presence, reaching around 25,000 locations by March 2020. The Beyond Burger offers 20g of protein with less saturated fat and no cholesterol, aligning with consumer demand for healthier options.

Beyond Meat (NASDAQ: BYND) will report its Q2 2020 results after the market closes on August 4, 2020. The company is a leader in plant-based meats, aiming to replicate animal meat's taste and texture while promoting environmental benefits.

Investors can join a conference call at 4:30 p.m. ET on the same day. A replay will be available for 15 days after the call, and a live webcast will also be accessible on Beyond Meat's website. Founded in 2009, the company operates in 75 countries and is committed to resource conservation and animal welfare.

Beyond Meat (NASDAQ: BYND) is launching the Cookout Classic™, a limited edition 10-pack of plant-based burgers, priced at $15.99, available at Walmart, Target, and other retailers starting June 22. This initiative aims to make plant-based meals more affordable and accessible during the summer grilling season. The burgers are made from simple, non-GMO ingredients and packaged sustainably. Beyond Meat is recognized as a leader in the plant-based meat market, holding the top four spots in sales. This product is expected to inspire more consumers to try plant-based options.