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Beyond Steak®, the #1 New Plant-Based Meat Item in Retail, is Now Available at Nearly 14,000 Stores Nationwide Following Expanded Distribution
Adding to current availability at Kroger, Walmart, Albertsons, Ahold, Target and Sprouts Farmers Market, Beyond Steak is now rolling out at Whole Foods Market, Publix, Wegmans, Meijer and Stater Bros. Markets stores coast-to-coast
July 11, 2023 09:00 ET | Source: Beyond Meat, Inc.
EL SEGUNDO, Calif., July 11, 2023 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat, today announced that following a successful initial rollout, Beyond Steak®, the #1 selling new plant-based meat item in retail1, is expanding distribution to include Whole Foods Market, Publix, Wegmans, Meijer and Stater Bros. Markets. This new distribution joins existing availability of Beyond Steak at Kroger, Walmart, Albertsons, Ahold, Target and Sprouts Farmers Market, and supports Beyond Meat’s mission of making delicious, nutritious and sustainable plant-based meat products accessible for all.
Designed to deliver the juicy, tender and delicious bite of seared steak tips, Beyond Steak has been receiving rave reviews for being “tender and juicy” with a “caramelized crust,” and recently won the PEOPLE Food Awards 2023 for having, “the texture, chew and flavor” of steak. Beyond Steak can be prepared in a skillet or air fryer in just five minutes and is the perfect option for salads, sandwiches, tacos, stir fries and more.
In a testament to Beyond Meat’s efforts to create plant-based proteins that not only taste delicious but are better-for-you than their animal protein equivalents, Beyond Steak boasts 21 grams of protein, contains only 1 gram of saturated fat and has 170 calories per serving with no cholesterol or added hormones and antibiotics. Most recently, Beyond Steak was certified as a heart-healthy2 food by the American Heart Association for meeting the exacting nutrition requirements of the Heart-Check Food Certification Program, including being low in saturated and trans fats, cholesterol and sodium, and having over 10% of the Daily Value of essential nutrients. Beyond Steak was also the first plant-based meat product to receive Good Housekeeping’s Nutritionist-Approved Emblem which assesses food products on nutritional criteria as well as taste, simplicity, convenience and transparency.
“We are pleased by all the momentum around Beyond Steak as it validates the product’s delicious taste and compelling nutritional benefits. Recent data from a regional chain showed that more than 50% of households that bought Beyond Steak were new to the plant-based meat category and 2 out of 3 households repurchased Beyond Steak3, reinforcing that this is a product that is resonating with consumers,” said AK Oghoghomeh, SVP of Global Marketing, Beyond Meat.
The expansion of Beyond Steak follows the recent debut of the newest iteration of Beyond Sausage®, the #1 selling plant-based sausage in retail4. The new Beyond Sausage is an excellent source of protein with 40% less saturated fat than a leading brand of pork sausage and features a meatier texture and taste that is already receiving rave reviews for being, “shockingly better than pork links.”
“As an innovation-based company, we are leaning into this strength as we seek to bolster our position in retail and are excited to be announcing an extension to our burger platform soon,” continued Oghoghomeh.
Ready to try the award-winning Beyond Steak? Visit the Beyond Meat store locator to find Beyond Steak at a retailer near you.
About Beyond Meat
Beyond Meat, Inc. (NASDAQ: BYND) is a leading plant-based meat company offering a portfolio of revolutionary plant-based meats made from simple ingredients without GMOs, no added hormones or antibiotics, and 0 mg of cholesterol per serving. Founded in 2009, Beyond Meat products are designed to have the same taste and texture as animal-based meat while being better for people and the planet. Beyond Meat’s brand promise, Eat What You Love®, represents a strong belief that there is a better way to feed our future and that the positive choices we all make, no matter how small, can have a great impact on our personal health and the health of our planet. By shifting from animal-based meat to plant-based protein, we can positively impact four growing global issues: human health, climate change, constraints on natural resources and animal welfare. As of March 2023, Beyond Meat branded products were available at approximately 191,000 retail and foodservice outlets in over 80 countries worldwide. Visit www.BeyondMeat.com and follow @BeyondMeat, #BeyondBurger and #GoBeyond on Facebook, Instagram, Twitter and TikTok.
Beyond Meat Forward Looking Statements
Certain statements in this release constitute “forward-looking statements.” These statements are based on management’s current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results. These forward-looking statements are only predictions, not historical fact, and involve certain risks and uncertainties, as well as assumptions. Actual results, levels of activity, performance, achievements and events could differ materially from those stated, anticipated or implied by such forward-looking statements. While Beyond Meat believes that its assumptions are reasonable, it is very difficult to predict the impact of known factors, and, of course, it is impossible to anticipate all factors that could affect actual results. There are many risks and uncertainties that could cause actual results to differ materially from forward-looking statements made herein including, most prominently, the risks discussed under the heading “Risk Factors” in Beyond Meat's Annual Report on Form 10-K for the year ended December 31, 2022 filed with the U.S. Securities and Exchange Commission (“SEC”) on March 1, 2023, and Beyond Meat’s Quarterly Report on Form 10-Q for the quarter ended April 1, 2023 filed with the SEC on May 10, 2023, as well as other factors described from time to time in Beyond Meat’s filings with the SEC. Such forward-looking statements are made only as of the date of this release. Beyond Meat undertakes no obligation to publicly update or revise any forward-looking statement because of new information, future events or otherwise, except as otherwise required by law. If Beyond Meat does update one or more forward-looking statements, no inference should be made that Beyond Meat will make additional updates with respect to those or other forward-looking statements.
Media Contact
Shira Zackai
Shira.Zackai@beyondmeat.com
https://www.globenewswire.com/news-release/2023/07/11/2702719/0/en/Beyond-Steak-the-1-New-Plant-Based-Meat-Item-in-Retail-is-Now-Available-at-Nearly-14-000-Stores-Nationwide-Following-Expanded-Distribution.html
BYND $$$
Beyond Steak Earns the Prestigious Good Housekeeping Nutritionist Approved Emblem
Beyond Steak is the first plant-based meat product to earn this recognition from Good Housekeeping Institute’s Nutrition Lab, which assesses food products based on specific nutritional criteria as well as taste, simplicity, convenience and transparency.
EL SEGUNDO, Calif., April 03, 2023 (GLOBE NEWSWIRE) -- Following a rigorous evaluation by the Good Housekeeping Institute’s Nutrition Lab, Beyond Steak by Beyond Meat (NASDAQ: BYND), a leader in plant-based meat, has received the Good Housekeeping Nutritionist Approved Emblem, making it the first plant-based meat product to receive this honor.
The latest innovation from Beyond Meat, Beyond Steak is seared to a perfect crisp1 and chopped into bite-sized pieces, quickly becoming a favorite2 and receiving rave reviews for delivering a juicy, meaty3 taste that satisfies meat lovers and flexitarians alike. Made with simple and clean plant-based ingredients, Beyond Steak boasts a strong nutritional profile and is an excellent source of protein, with 21g of protein and 170 calories per serving. Beyond Steak is also low in saturated fat (1g per serving) with no cholesterol, GMOs, added antibiotics or hormones.
“Our nutrition experts at the Good Housekeeping Institute are committed to maximizing consumers’ overall health and wellbeing by providing trustworthy, evidence-based nutrition content and recommendations that encourage a balanced diet,” said Good Housekeeping Institute’s Registered Dietitian and Nutrition Director Stefani Sassos, MS, RDN, CSO, CDN. “Through our evaluation, it was clear that Beyond Steak is a groundbreaking innovation with its balanced flavor profile, tender texture and, most importantly, very impressive nutrition facts. Made free from GMOs, Beyond Steak is also cholesterol-free and low in saturated fat but still high in protein. With Beyond Steak, consumers don’t have to compromise on taste, nutrition or sustainability.”
The Good Housekeeping Nutritionist Approved Emblem was developed to help consumers lead healthier lives by empowering them to make informed food choices. Not only does the emblem provide a solution for those looking to be more health-conscious, but the products selected are also practical and evoke the tried-and-tested assurance of the Good Housekeeping brand in the food space. The Nutrition Lab assesses food products based on specific nutritional criteria as well as taste, simplicity, convenience and transparency.
“Beyond Steak is a perfect example of our brand promise to continuously innovate toward a North Star that not only delivers on delicious taste, but also provides clear nutritional benefits relative to animal-based meat,” said Kate Dugan, Vice President of Brand Innovation at Beyond Meat. “To have this product aligned with such a prestigious emblem reinforces the health impact of Beyond Steak, which was achieved without sacrificing on taste or sustainability. We’re so excited for consumers to continue enjoying Beyond Steak in their favorite dishes.”
As part of its commitment to improving human health, Beyond Meat is dedicated to supporting scientific and evidence-based research on the health implications of shifting from animal-based meat to plant-based meat. For example, in the SWAP-MEAT study, which was published in The American Journal of Clinical Nutrition, researchers reported the positive impacts of replacing animal-based meat with Beyond Meat’s plant-based meat over an eight-week period, including the improvement of several cardiovascular disease risk factors, such as LDL cholesterol levels and TMAO. Beyond Meat continues to support ongoing studies at the Plant-Based Diet Initiative at Stanford University School of Medicine and last year signed a multi-year agreement with the American Cancer Society to advance research on plant-based meat and cancer prevention.
Consumers can find Beyond Steak at a retailer near them by visiting the Beyond Meat store locator.
About Beyond Meat
Beyond Meat, Inc. (NASDAQ: BYND) is a leading plant-based meat company offering a portfolio of revolutionary plant-based meats made from simple ingredients without GMOs, no added hormones or antibiotics, and 0 mg of cholesterol per serving. Founded in 2009, Beyond Meat products are designed to have the same taste and texture as animal-based meat while being better for people and the planet. Beyond Meat’s brand promise, Eat What You Love®, represents a strong belief that there is a better way to feed our future and that the positive choices we all make, no matter how small, can have a great impact on our personal health and the health of our planet. By shifting from animal-based meat to plant-based protein, we can positively impact four growing global issues: human health, climate change, constraints on natural resources and animal welfare. As of December 2022, Beyond Meat branded products were available at approximately 190,000 retail and foodservice outlets in over 80 countries worldwide. Visit www.BeyondMeat.com and follow @BeyondMeat, #BeyondBurger and #GoBeyond on Facebook, Instagram, Twitter and TikTok.
About Good Housekeeping
Celebrating 137 years, Good Housekeeping (GoodHousekeeping.com) is a leading lifestyle media brand inspiring a monthly audience of 53+ million readers to discover genius innovations, delicious ideas, style-savvy trends, compelling news and best-in-class products for their homes, families and themselves. The Good Housekeeping Institute’s state-of-the-art labs combined with Good Housekeeping’s seasoned editorial talent is unparalleled. Staffed by top engineers, scientists and technology experts, the GH Institute tests and evaluates thousands of products each year for the magazine, website and for the Good Housekeeping Seal and the Green Good Housekeeping Seal, which are among the most recognized and trusted consumer icons in the world today. Good Housekeeping, which also has five international editions, is published by Hearst Magazines, a unit of Hearst, a leading global, diversified media, information and services company. Hearst Magazines’ portfolio of more than 25 powerful brands in the U.S. inspires and entertains audiences across all media platforms. Hearst Magazines’ print and digital assets reach nearly 157.4 million readers and site visitors each month — 60% of all millennials and 52% of all Gen Z over the age of 18 (Source: 2021 comScore Multi-Platform © MRI-Simmons (11-21/F21)). The company publishes nearly 260 magazine editions and 200 websites around the world. Follow Good Housekeeping on Facebook, Instagram, Twitter, Pinterest and on the Inside the Institute blog.
https://finance.yahoo.com/news/beyond-steak-earns-prestigious-good-130000258.html
BYND $$$
was told recently to check out ''NOTHING BURGERS'' for weight reducing grub
I like the Beyond Meat products and have been off meat since 2015, Not sure how long the vegan trend will take to really lift meat free public companies, but once you go vegan for ethical reasons, you don't go back
#crueltyfree #youarewhatyoueat
BYND $$$
Shorts have had a field day with BYND, while Gensler looks the other way.
Beyond Meat® and American Cancer Society to Advance Research on Plant-Based Meat and Cancer Prevention
EL SEGUNDO, Calif., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Beyond Meat, Inc., a leader in plant-based meat, and the American Cancer Society (ACS), today announced a multi-year agreement to advance research on plant-based meat and cancer prevention, as well as to help ACS continue to build the foundation of plant-based meat and diet data collection. The commitment aims to advance the understanding of how plant-based meats contribute to healthy diet patterns and their potential role in cancer prevention and is a crucial step towards long-term research in the plant-based protein field.
“American Cancer Society guidelines have long recommended a diet rich in plant foods with limited intake of processed and red meat,” said William L. Dahut, M.D., Chief Scientific Officer at the American Cancer Society. “While short-term research studies have shown that switching to plant-based meat improves risk factors for heart disease, including cholesterol levels and body weight, research in this area is still in its early stages, particularly in relation to cancer.”
Furthering Research in Cancer Prevention
The agreement will help enable a continuation of ACS’ ongoing data collection in its Cancer Prevention Study-3 (CPS-3) and help build a downstream cancer research portfolio that is critical to understanding whether plant-based proteins, including plant-based meat, can play a role in cancer prevention. ACS’ Cancer Prevention Studies help researchers identify cancer risk factors among its pool of more than 300,000 participants.
“We are honored to enter this agreement with the American Cancer Society, a leading authority on cancer research,” said Beyond Meat CEO Ethan Brown. “One of our core goals at Beyond Meat is to positively impact human health – and we’re committed to taking action by supporting trusted, scientific and evidence-based research on the benefits of shifting the protein at the center of the plate from animal-based meat to plant-based meat.”
Expanding Research on Plant-Based Meat
In 2020, the Stanford University School of Medicine announced the results of its SWAP-MEAT study. As published in The American Journal of Clinical Nutrition, researchers evaluated the impact of replacing animal-based meat with Beyond Meat’s plant-based meat over an eight week period on cholesterol levels (including LDL), heart disease risk factors including TMAO levels, and body weight, and found improvement in key health metrics when participants replaced animal-based meat with Beyond Meat’s plant-based meat.
“Beyond Meat and the American Cancer Society’s agreement is a critical step forward in conducting studies on cancer and plant-based meat in diets – a research area that has historically been lacking and builds upon the foundational research we’re doing as part of the Plant-Based Diet Initiative at the Stanford University School of Medicine,” said Christopher Gardner, PhD, Director of Nutrition Studies at the Stanford Prevention Research Center and the Rehnborg Farquhar Professor of Medicine at Stanford University.
The Link Between Red and Processed Meat and Cancer
Since 2015, the International Agency for Research on Cancer has classified red meat as a carcinogen that increases the risk of colorectal cancer, and recent studies also suggest a possible role of red and/or processed meats in increasing the risk of breast cancer and certain forms of prostate cancer.
For years, the American Cancer Society investigators conducted foundational work identifying the link of red and processed meat to cancer. This work contributed evidence to the World Health Organization's determination of red meat as probably carcinogenic to humans and processed meat as carcinogenic to humans. ACS guidelines point to evidence of a significant link between high red and processed meat consumption and an increased risk of colorectal cancer as the primary reason for the recommendation to limit those products.
The American Cancer Society currently recommends limiting processed meats, red meats and choosing alternative protein sources. Research has also provided consistent and compelling evidence that healthy diet patterns incorporating more plant-based foods are linked with lower cancer risk and mortality. Outside of tobacco use, the most important cancer risk factors that can be changed are body weight, diet, and physical activity.
Beyond Meat is not involved and does not have input in the research or data collection of the American Cancer Society.
To learn more about the research work of the American Cancer Society, visit cancer.org/research.
About The American Cancer Society
The American Cancer Society is a leading cancer-fighting organization with a vision to end cancer as we know it, for everyone. For more than 100 years, we have been improving the lives of people with cancer and their families as the only organization combating cancer through advocacy, research, and patient support. We are committed to ensuring that everyone has an opportunity to prevent, detect, treat, and survive cancer. To learn more, visit cancer.org or call our 24/7 helpline at 1-800-227-2345. Connect with us on Facebook, Twitter, and Instagram.
About Beyond Meat
Beyond Meat, Inc. (NASDAQ: BYND) is a leading plant-based meat company offering a portfolio of revolutionary plant-based meats made from simple ingredients without GMOs, no added hormones or antibiotics, and 0 mg of cholesterol per serving. Founded in 2009, Beyond Meat products are designed to have the same taste and texture as animal-based meat while being better for people and the planet. Beyond Meat’s brand commitment, Eat What You Love®, represents a strong belief that there is a better way to feed our future and that the positive choices we all make, no matter how small, can have a great impact on our personal health and the health of our planet. By shifting from animal-based meat to plant-based protein, we can positively impact four growing global issues: human health, climate change, constraints on natural resources and animal welfare. As of September 2022, Beyond Meat branded products were available at approximately 188,000 retail and foodservice outlets in over 85 countries worldwide. Visit www.BeyondMeat.com and follow @BeyondMeat, #BeyondBurger and #GoBeyond on Facebook, Instagram, Twitter and TikTok.
https://finance.yahoo.com/news/beyond-meat-american-cancer-society-140000319.html
BYND $$$
#BYND: GREAT TO SEE YOU HERE....
Beyond Meat® Expands Award-Winning Chicken Portfolio with the Introduction of Beyond Chicken® Nuggets and Beyond Popcorn Chicken™
Building on the brand’s recent launch of Beyond Steak™, the new chicken innovations are the latest additions to Beyond Meat’s growing portfolio of delicious, better-for-you and sustainable plant-based products
EL SEGUNDO, Calif., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat, today launched Beyond Chicken® Nuggets and Beyond Popcorn Chicken™, the latest additions to Beyond Meat’s award-winning chicken platform that also includes Beyond Chicken® Tenders. The new plant-based chicken products will launch at more than 5,000 Kroger and Walmart stores nationwide, as well as at select Albertsons and Ahold divisions and other retailers across the country.
Crispy, golden brown on the outside and juicy on the inside, Beyond Chicken Nuggets and Beyond Popcorn Chicken satisfy consumers’ craving for delicious chicken options that are better for people and the planet. The two new products offer nutritional benefits like having 14g of plant-based protein derived from a blend of faba bean and pea, 50% less saturated fat than a leading brand of traditional breaded chicken nuggets, 0mg of cholesterol, and no added antibiotics, hormones or soy1.
Beyond Chicken Nuggets come pre-cooked and can be conveniently made in the air fryer in under 5 minutes, offering parents a delicious, quick and lunchbox-friendly option that kids will love. Beyond Popcorn Chicken is a bite-sized party favorite made easy that goes from freezer to plate in just a few minutes in the air fryer.
“We’re always exploring new plant-based protein sources that deliver the taste and texture of its animal protein equivalent and are proud that by using faba bean protein we’ve been able to create a portfolio of absolutely delicious plant-based chicken products with no added soy, a key differentiator for our Beyond Chicken products within the category,” said Chief Innovation Officer Dariush Ajami.
This launch, part of Beyond Meat’s commitment to rapid and relentless innovation, builds upon the recent debut of Beyond Steak™, a revolutionary, plant-based protein designed to deliver the juicy, tender and delicious bite of seared steak tips. With 21g of protein per serving, Beyond Steak offers nutritional benefits including being low in saturated fat and having 0 mg of cholesterol and no added antibiotics or hormones. Beyond Steak is available at more than 5,000 Kroger and Walmart stores nationwide, as well as select Albertsons and Ahold divisions and other retailers across the country and in foodservice.
Find these new products at the store closest to you by visiting the Beyond Meat store locator, and get mealtime inspiration on the Beyond Meat recipe page.
About Beyond Meat
Beyond Meat, Inc. (NASDAQ: BYND) is a leading plant-based meat company offering a portfolio of revolutionary plant-based meats made from simple ingredients without GMOs, no added hormones or antibiotics, and 0 mg of cholesterol per serving. Founded in 2009, Beyond Meat products are designed to have the same taste and texture as animal-based meat while being better for people and the planet. Beyond Meat’s brand commitment, Eat What You Love®, represents a strong belief that there is a better way to feed our future and that the positive choices we all make, no matter how small, can have a great impact on our personal health and the health of our planet. By shifting from animal-based meat to plant-based protein, we can positively impact four growing global issues: human health, climate change, constraints on natural resources and animal welfare. As of June 2022, Beyond Meat branded products were available at approximately 183,000 retail and foodservice outlets in over 90 countries worldwide. Visit www.BeyondMeat.com and follow @BeyondMeat, #BeyondBurger and #GoBeyond on Facebook, Instagram, Twitter and TikTok.
https://www.globenewswire.com/news-release/2022/11/07/2549644/0/en/Beyond-Meat-Expands-Award-Winning-Chicken-Portfolio-with-the-Introduction-of-Beyond-Chicken-Nuggets-and-Beyond-Popcorn-Chicken.html
BYND $$$
ARE THESE FREAKS GONNA START SELLING BLENDED BUGS NEXT?????
QUESTION: EVEN BUGS HAVE MUSCLES... SO ISN'T EATING DEAD BUGS THE SAME AS EATING MEAT??????
Fake Meat Sales Plummet On High Prices, Woke Messaging.
Year-to-date, Beyond Meat stock is down 77%, and is valued at less than $900 million.
https://www.zerohedge.com/medical/fake-meat-sales-plummet-high-prices-woke-messaging
THESE WOKE CLOWNS ARE HEADING STRAIGHT INTO BANKRUPTCY!!!!!!!
Just dirty
WOW can anyone believe people were paying over 200.00 a share just 2 years ago?
Shocking !
Lol! So much for being vegan!
Yes, he did. And did he really punch through a car window with his FIST??
Agree. Did you see his mug shot? He still looked scary angry.
Alcohol likely and that causes a lot of trouble.
I suspect Ramsey won't be returning to work. This doesn't seem to me to be something anger management courses will resolve. And surely he was on a substance that packs a bigger wallop than Beyond Burger:
Ramsey allegedly punched through the back windshield of a Subaru after it made contact with the front tire of Ramsey’s car, according to a preliminary police report obtained by CNBC. The Subaru owner then got out of his car, and Ramsey allegedly started punching him and bit his nose, “ripping the flesh on the tip of the nose,” according to the report. The victim and a witness also alleged that Ramsey told the Subaru owner he would kill him.
https://www.cnbc.com/2022/09/20/beyond-meat-suspends-operating-chief-doug-ramsey-arrest-for-alleged-nose-biting.html
Beyond Meat COO prefers human flesh to own product….
https://nypost.com/2022/09/19/beyond-meat-coo-doug-ramsey-accused-of-biting-mans-nose/?utm_campaign=iphone_nyp&utm_source=pasteboard_app
BYND Further info. The altercation happened at a college football game. It involved cars too close. It ended with Beyond Meat's COO Doug Ramsey biting a man's nose. No one nose if alcohol was involved, if one or both of the parties was beyond drunk. One thing we do nose is the Beyond Meat's COO bit off more than he could chew, as he was arrested and might lose his job.
BYND has gone from 200 to 17 in five years. It is one of Wall Streets biggest pump jobs in history and many who fell for the hype got burnt.
I knew it was a scam immediately. First of all, they were no pioneers- fake meat has been around for a long time. I supplied a well known one in my career. And most everyone has heard of a Boca Burger.
Well, what the COO did is beyond the pale and won't help this fake company as it races Bed Bath and Beyond to zero.
Reporting from Virginia for the Cannibal News Network
MG
McDonalds Dumps Trial of Plant Meat Because Customers Would Not Purchase – Next up, Bug Meat
August 5, 2022 | Sundance | 280 Comments
McDonalds has announced they are dropping their program testing plant-based meats because people didn’t like it.
As noted by the Washington Times, “other trials at Panda Express and Yum! Brands (KFC, Taco Bell, and Pizza Hut) have also ended without a subsequent product launch. Beyond Meat products at Dunkin’, Hardee’s, and A&W have been discontinued after launching.”
Apparently, American consumers do not want to eat fake meat; at least not fake meat made from plants.
https://theconservativetreehouse.com/blog/2022/08/05/mcdonalds-dumps-trial-of-plant-meat-because-customers-would-not-purchase-next-up-bug-meat/
https://www.bloomberg.com/news/articles/2022-08-03/beyond-meat-eliminates-about-40-positions-in-cost-cutting-move
Beyond Meat Cuts About 40 Jobs in Cost-Cutting Move
Cuts are said to hit operations team in multiple locations
Analyst says faux meat maker is burning through its cash
Beyond Meat Stays Focused On Growth Opportunity
Photographer: Gabby Jones/Bloomberg
ByDeena Shanker
August 3, 2022, 6:47 PM EDTUpdated onAugust 4, 2022, 7:24 AM EDT
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BYND
BEYOND MEAT INC
31.39USD-2.66-7.81%
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MCDONALDS CORP
260.64USD-1.45-0.55%
YUM
YUM! BRANDS INC
120.02USD+0.21+0.18%
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PEPSICO INC
175.87USD-0.96-0.54%
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Plant-based meat maker Beyond Meat Inc. eliminated about 40 positions as part of a broader cost-cutting plan, Chief Executive Officer Ethan Brown told employees in an internal memo.
“While difficult, this decision is one piece of our larger strategy to reduce operating expenses and support sustainable growth,” Brown said in the memo viewed by Bloomberg.
Workers from the operations team in multiple locations were affected, according to people familiar with the matter. The company, which reported having about 1,100 employees at the end of last year, is scheduled to report earnings on Thursday afternoon.
The stock slipped 0.2% in early trading at 7:19 a.m. in New York.
Once a Wall Street darling, Beyond Meat has struggled to turn partnerships with some of the world’s biggest restaurant companies, such as McDonald’s Corp. and Yum! Brands Inc., into profitable endeavors. And while the company is a pioneer in the development of plant-based products that imitate meat’s feel and taste, its efforts to ramp up production and create new products have been marred by setbacks. Competition has also intensified.
Even as the company announces new products, it is still figuring out the best ways to make them, sometimes at great expense. On its May earnings call, Chief Financial Officer Phil Hardin described the initial production process for its faux jerky, launched with PepsiCo Inc., as both “expensive and inefficient.”
Wall Street has turned pessimistic: The company’s shares have fallen almost 50% so far in 2022. They declined a similar amount in 2021.
David Trainer, chief executive officer of investment research firm New Constructs, flagged concerns about the company’s cash on hand in a recent research note and in a phone interview.
“Beyond Meat has failed to generate any positive free cash flow since going public in 2019,” Trainer wrote in a note dated Aug. 2. He said the $548 million in cash the company had at the end of the first quarter is only enough to sustain its current level of spending through 10 months after the period ended on April 2.
“Raising additional capital to fund further cash burn would likely come at a high cost and be bad news for existing and new shareholders,” Trainer wrote.
In an interview, Trainer said layoffs could help to preserve Beyond Meat’s cash, but “the proof is yet to be seen until we can see how much they can slow the burn.”
(Updates with shares in fourth paragraph.)
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Beyond Meat (BYND) Falls After Slashing Sales Outlook as Demand Wanes
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Cuz it’s down well over 50% over the TTM. Duh.
Hard to believe there hasn’t been a post on this board since April when the stock is up 50% in the past month
Hiding in plain sight
The daily chart looks like a P & D.
I am of the opinion that BYND is really not much of anything new and little to no moat.
He'll, I've been eating "Boca Burgers" for a dozen years.
And Lightlife Foods and other substitute meat companies have been around for years
A lot of hype, if you ask me.
MG
REALLY? post the link then
I havent seen anything legit
they DONT have any news today on their website
https://www.beyondmeat.com/en-US/newsroom/
https://finviz.com/quote.ashx?t=BYND
News is actually real.
how about todays pump & dump on FAKE NEWS
this market is full of crooks on every side
$BYND $MCD
Coincidence or "Timing is everything" by Koichi's tweet on January 2022?
Interesting tweet by Koichi on January 18th, 2022 "I want to sell this to Panda Express!"
https://twitter.com/ishizuka_koichi/status/1483441469239492608?cxt=HHwWgIDUsYOKn5YpAAAA
Panda Express - Beyond Orange Chicken (January 2022, coming to an end)
"In 2021, they began testing then ultimately rolled out The Beyond Orange Chicken to 70 locations across the United States for a limited time. The 70 location rollout began on October 27, 2021, and as of January 2022, it appears the limited time is coming to an end in a majority of the locations."
https://veggl.com/cheat-sheets/vegan-options-panda-express/
I believe Koichi is well aware of Beyond's end with Panda Express and the door is wide open for Fried Chicken (Karaage) by Dr. Foods/Mama-Foods, with two types of Fried Chicken and manufactory ready. Koichi has C-level Executive connections within the industry, we can see that from his past tweets. It is apparent that he is diligently working to make this happen, perhaps part of his DD with the acquisition and hopefully soon to be realized, by Panda Express.
"Also, we have another good news!" by Koichi
https://twitter.com/ishizuka_koichi/status/1507021901667106819?cxt=HHwWhoDQ2eubguopAAAA
JMHO & GLTA
$DRFS
right back under 50 - how frustrating!!!
That is very true. I wonder what is driving that run.
nice run of late!
Wow, the stock is now trading below $39/share - well below the intraday low of its first day of trading on the stock exchange! My idea in late December 2021 became proved correct.
WOW just sold some 40 puts for next friday at .75 ...
Looks like my target has been reached wonder if it will fall below 40?
Who likes grasshopper burgers? worm burgers are better.
50's I am looking for 40's however I have been banking selling weekly puts for months now.
My target for BYND is in the low 40's ....
Cheers mate ...
I always play both sides just watch it when it hits the 50s bounces up call options 1000%
could ? don't overlook shorting puts for steady weakly income !
WOW pretty amazing stuff going on here ! Selling Put premium at 55 for strong premium for the week.
I still see this falling to 40 before long...
Wow, this stock closed at only about $63/share today. Isn't that somewhat below where it closed on its very first of day of trading more than one year ago? To me, the strong falling trend in the 50-day and 200-day moving averages suggests further drops for BYND. Beyond Meat is facing a lot of strong competition these days in the vegan meat marketplace, making it hard for Beyond Meat to grow its sales.
BYND Short paying off so far
Snapshot:BYND
BEYOND MEAT INC
64.51Down -4.80 (-6.9254 %) AS OF 12:02:40PM ET 12/15/2021
BYND looks weak on the chart.
I shorted yesterday at 69.02
And added just now at 65.98
https://stockcharts.com/h-sc/ui?s=BYND
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