Beyond Meat: Shares in vegan burger company double on stock market debut
5 years, 8 months ago

Beyond Meat: Shares in vegan burger company double on stock market debut

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares in Beyond Meat doubled on Thursday when the vegan burger company made its stock market debut. US sales of plant-based meats jumped 42 per cent between March 2016 and March 2019, according to Nielsen, Sales of traditional meat jumped one per cent in the same space of time. Beyond Meat has also attracted celebrity investors like Bill Gates and Leonardo DiCaprio and sells to 30,000 supermarkets, schools and stores in the US and abroad. Support free-thinking journalism and attend Independent events The company is also facing competition from other brands, such as Impossible Foods, as the alternative meat sector grows.

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History of this topic

Beyond Meat Says Being Attacked Has Just Made It Stronger
2 weeks, 1 day ago

Beyond Meat Says Being Attacked Has Just Made It Stronger

Wired  

In 2019, the future of vegan meat looked rosy. Beyond Meat was on the verge of going public and the media could not get enough of juicy, bleeding, plant-based burgers that would make lentil pucks a thing of the past and convince a whole generation of meat-eaters to try vegan fare. Things were so good that a few attack ads …

Beyond Meat reverses revenue slide by raising prices on its plant-based products
2 months ago

Beyond Meat reverses revenue slide by raising prices on its plant-based products

Associated Press  

Beyond Meat reversed a sales slide in the third quarter, growing revenue for the first time since 2022 as it charged higher prices for its plant-based meat. Still, Beyond Meat’s shares fell nearly 6% in after-hours trading after it said it expects full-year net revenue in the range of $320 million to $330 million. Unlike previous products, Beyond Meat said …

Beyond Meat Is Stalling in the US. Europe Could Be Another Story
55 years ago

Beyond Meat Is Stalling in the US. Europe Could Be Another Story

Wired  

The plant-based meat industry is in a bad place. “We are encouraged by many of the results we see this quarter, results that demonstrate clear progress against our 2024 plan and our longer-term goal of profitable operations,” Beyond Meat CEO Ethan Brown told investors in an earnings call Wednesday. In the UK, McDonald’s has sold McPlant burgers with Beyond Meat …

How Beyond Meat is trying to get its sizzle back
7 months, 1 week ago

How Beyond Meat is trying to get its sizzle back

LA Times  

A package of Beyond Meat’s new burger, which contains less saturated fat and sodium than previous versions. “We thought we were just gonna go from our meteoric rise into the mainstream and not have to deal with this cycle that we’re in,” said Beyond Meat founder and Chief Executive Ethan Brown in an interview at the company’s new El Segundo …

Beyond Meat urges investors to look past bumpy Q1, says new US burger could reignite sales
8 months ago

Beyond Meat urges investors to look past bumpy Q1, says new US burger could reignite sales

Associated Press  

Plant-based meat maker Beyond Meat urged investors to look past its mixed first quarter results Wednesday, saying a new, healthier burger hitting U.S. shelves now will help reignite weak sales. International retail sales fell 12%, reflecting lower demand for plant-based chicken, Beyond Meat said. Beyond Meat said it was a tough comparison to the first quarter of 2023, when Beyond …

Can a healthier plant-based burger combat falling US sales? Beyond Meat hopes so
10 months, 2 weeks ago

Can a healthier plant-based burger combat falling US sales? Beyond Meat hopes so

Associated Press  

Beyond Meat is revamping its signature plant-based burger, hoping that healthier ingredients will help it boost flagging U.S. sales. The El Segundo, California-based company said Wednesday its new Beyond Burger patties and Beyond Beef grounds cut saturated fat by 60% by switching from canola and coconut oils to avocado oil. The new Beyond Burger also has less saturated fat and …

Beyond Meat revenue falls as rising demand in Europe can’t overcome plummeting US sales
1 year, 2 months ago

Beyond Meat revenue falls as rising demand in Europe can’t overcome plummeting US sales

Associated Press  

Beyond Meat’s revenue fell nearly 9% in the third quarter as higher sales of its plant-based meat in Europe failed to make up for plummeting demand in the U.S. Beyond Meat cut its third-quarter and full-year revenue forecast last week, saying an anticipated rebound in plant-based meat sales during the quarter didn’t occur. Beyond Meat’s international retail sales rose 39% …

Beyond Meat cuts non-production workforce by 19% with demand for plant-based meat weak
1 year, 2 months ago

Beyond Meat cuts non-production workforce by 19% with demand for plant-based meat weak

Associated Press  

Beyond Meat is cutting 19% of its non-production workforce after a weaker-than-expected third quarter. “We anticipated a modest return to growth in the third quarter of 2023 that did not occur,” Beyond Meat President and CEO Ethan Brown said in a statement. U.S. retail dollar sales of fresh meat alternatives, like sausage and burgers, were down 21.5% this year through …

Plant-based meat sales are stagnating. Could amplifying its green benefits help change that?
1 year, 4 months ago

Plant-based meat sales are stagnating. Could amplifying its green benefits help change that?

Salon  

It's difficult to tell if the recent wave of anti-vegan sentiment has affected the plant-based meat market, but denigrating the image of vegans has certainly gone mainstream. However, a growing ideological divide over the environment means traditional ways of encouraging people to eat plant-based meat — promoting its green credentials — could be harming sales, according to research. Our study …

Fake meat is dying, but that shouldn’t mean the end of veganism
1 year, 5 months ago

Fake meat is dying, but that shouldn’t mean the end of veganism

The Independent  

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Beyond Meat revenue plummets in the second quarter due to flagging US demand
1 year, 5 months ago

Beyond Meat revenue plummets in the second quarter due to flagging US demand

Associated Press  

Plant-based meat substitute maker Beyond Meat said its revenue plunged 30.5% in the second quarter as consumer demand for its burgers, sausages and other products fell despite price cuts. In a conference call with investors, Beyond Meat President and CEO Ethan Brown said the company faced tough comparisons to the second quarter of 2022, when a new beef jerky product …

Beyond Meat beats Q4 forecasts despite flagging sales
1 year, 10 months ago

Beyond Meat beats Q4 forecasts despite flagging sales

Associated Press  

Beyond Meat on Thursday reported better-than-expected fourth quarter sales despite flagging consumer demand and lower prices. Beyond Meat President and CEO Ethan Brown said the company is seeing progress in its drive to cut costs and manufacturing complexity. Brown also said Beyond Meat plans new products with improved taste this year. Beyond Meat said it expects net revenue in the …

Beyond Meat cuts jobs as demand cools for alternative proteins
2 years, 2 months ago

Beyond Meat cuts jobs as demand cools for alternative proteins

LA Times  

Two patties of Beyond Meat’s meatless burger cook in a skillet. Retail sales of refrigerated meat alternatives fell almost 11% in the 12 months that ended Oct. 2 from the previous period. Beyond Meat asked employees to work from home Thursday and restricted access to documents, according to some of the people, who asked not to be named because they …

Beyond Meat announces layoffs after lower Q2 sales
2 years, 5 months ago

Beyond Meat announces layoffs after lower Q2 sales

Associated Press  

Plant-based meat maker Beyond Meat said Thursday it’s laying off 4% of its workforce after a difficult second quarter that saw cost-conscious customers bypass its higher-priced products. Beyond Meat President and CEO Ethan Brown said customers dealing with food price inflation traded down to cheaper store brands of plant-based meat or bought animal meat. Brown said Beyond Meat’s ground beef …

Burger King launch UK’s first vegan nuggets
3 years ago

Burger King launch UK’s first vegan nuggets

The Independent  

Sign up to IndyEat's free newsletter for weekly recipes, foodie features and cookbook releases Get our food and drink newsletter for free Get our food and drink newsletter for free SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Burger King has become the first fast food restaurant chain …

Why meat delivery remains a tough market to crack online
3 years, 1 month ago

Why meat delivery remains a tough market to crack online

Live Mint  

BENGALURU : In 2017, when the founders of meat delivery startup Licious were trying to raise capital, they had to worry about more than just getting the business metrics right: surmounting the cultural biases of the average Indian investor was a key concern. “The pandemic leapfrogged the growth for meat delivery startups," said Ankit Agarwal, a partner at venture debt …

In blow to Beyond Meat, McDonald’s develops its own plant-based meat
4 years, 2 months ago

In blow to Beyond Meat, McDonald’s develops its own plant-based meat

Live Mint  

McDonald’s Corp. announced it will develop its own line of faux meat, starting with a substitute burger, dealing a blow to Beyond Meat Inc. and Impossible Foods Inc. McDonald’s U.S. has been viewed as the potential crown jewel for up-and-coming faux meat makers like Beyond Meat and its competitor, Impossible Foods, which supplies Burger King with the patties for its …

Beyond says it collaborated with McDonald’s on McPlant patties
4 years, 2 months ago

Beyond says it collaborated with McDonald’s on McPlant patties

LA Times  

Beyond Meat Inc. recovered earlier losses after announcing it collaborated with McDonald’s Corp. in the creation of plant-based patties for the fast-food giant’s new line of substitute meat products. The announcement from Beyond Meat helped the stock reverse earlier losses after McDonald’s said its new plant-based burgers would be “crafted exclusively for McDonald’s by McDonald’s.” The market interpreted that to …

Where's The Meat? Catering to Surging Demands, UK Launches First Vegan Butcher Store
4 years, 2 months ago

Where's The Meat? Catering to Surging Demands, UK Launches First Vegan Butcher Store

News 18  

In a corner of north London, a new gleaming butchers is preparing to open. To coincide with Sunday’s World Vegan Day, Britain’s first permanent vegan butcher, Rudy’s, is opening, set to sell meat-free versions of traditional products such as baycon, soysage and turk’y. Demand for vegan products has surged in recent years in Britain, with increasing numbers of people cutting …

Demand for new vegan food products surges in UK post-lockdown
4 years, 5 months ago

Demand for new vegan food products surges in UK post-lockdown

The Independent  

Sign up to IndyEat's free newsletter for weekly recipes, foodie features and cookbook releases Get our food and drink newsletter for free Get our food and drink newsletter for free SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Trademarks registered for vegan food and drink products have soared …

Beyond Meat stock price soars amid fear of a coronavirus beef and pork shortage
4 years, 8 months ago

Beyond Meat stock price soars amid fear of a coronavirus beef and pork shortage

LA Times  

Ethan Brown, founder and chief executive of Beyond Meat, at his company’s headquarters in El Segundo in February 2019. “The market’s taking that as if there’s a shortage out there; Beyond Meat can potentially benefit,” said Rupesh Parikh, a senior analyst at Oppenheimer & Co. who tracks food, grocery and consumer products. A surge in demand could provide some needed …

Wetherspoons to update menu with Beyond Meat vegan burgers
4 years, 10 months ago

Wetherspoons to update menu with Beyond Meat vegan burgers

The Independent  

Sign up to IndyEat's free newsletter for weekly recipes, foodie features and cookbook releases Get our food and drink newsletter for free Get our food and drink newsletter for free SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Wetherspoons has announced it will begin to sell Beyond Meat …

How the rise of Veganuary is helping to prop up our supermarkets
4 years, 11 months ago

How the rise of Veganuary is helping to prop up our supermarkets

The Independent  

There’s nothing that triggers the right’s antediluvian tendency like a vegan. When Burger King launched its “Impossible Whopper”, someone even found a vet to say the plant-based burgers could make men grow breasts because of the oestrogen to be found in the soya. The spluttering incontinence veganism induces in certain elderly editors and commentators hasn’t stopped the supermarkets from jumping …

The Not-Future of Meat
5 years, 1 month ago

The Not-Future of Meat

Wired  

We live in the Year of the Faux Burger. The Blend, from Tyson Foods, is made using pea protein, just like Beyond Meat’s burger. You can wash down your triple-win semi-burger with a tall glass of half-almond, half-dairy milk from Live Real Farms, which insists that their new beverage, out last summer, “might be the most purely perfect blend of …

Meatless Meat Is Everywhere. But How Good Is It For Us And The Planet?
5 years, 1 month ago

Meatless Meat Is Everywhere. But How Good Is It For Us And The Planet?

Huff Post  

LOADING ERROR LOADING Meatless burgers just got the ultimate seal of approval from the fast-food industry. Chipotle, for example, has said it won’t offer the meatless alternatives from Impossible Foods and Beyond Meat on its menu as the current options available are too processed and use too many ingredients. A spokesperson for Beyond Meat told HuffPost all foods involve some …

Short-sellers sink teeth into Beyond Meat
5 years, 2 months ago

Short-sellers sink teeth into Beyond Meat

LA Times  

Beyond Meat CEO Ethan Brown speaks before ringing the opening bell at Nasdaq MarketSite on May 2, when the company first sold on public markets. Equity analysts have been cautioning against an overheated share price since the plant-based meat substitute group’s stock soared after its initial public offering in May. Short-sellers now account for 47% of Beyond Meat’s freely traded …

Plant-based meats gaining market momentum in US
5 years, 3 months ago

Plant-based meats gaining market momentum in US

China Daily  

A plant­based sausage is served in a bun. David Portalatin, food industry adviser for NPD, said, "It's clear by the growth in plant-based protein shipments to food service and restaurant operators that this category has mainstreamed beyond those who choose a meatless diet." Noel White, president and CEO of Tyson Foods, said in a statement, "Today's consumers are seeking more …

The beef with beef: Fake meat market growing rapidly
5 years, 3 months ago

The beef with beef: Fake meat market growing rapidly

Al Jazeera  

The alternative meat market is poised to rise to $240 billion over the next two decades as new technologies gain ground and consumers change their diets, according to Jefferies. The great “protein shake-up” could see faux meat reach 9% share of the estimated $2.7 trillion global meat market by 2040, analyst Simon Powell forecasts, from less than 1% now. Plant-based …

Beyond Meat’s stock is up nearly 500%. That’s really too good to be true
5 years, 6 months ago

Beyond Meat’s stock is up nearly 500%. That’s really too good to be true

CNN  

New York CNN Business — Beyond Meat’s stock had soared more than 570% from its initial public offering price as of the market close on Monday. JPMorgan’s Ken Goldman downgraded Beyond Meat to a “neutral” rating on Tuesday, news that sent shares plummeting nearly 20% in early trading. Beyond Meat has been rapidly introducing new products and has partnered with …

How Beyond Meat made it into the meat aisle
5 years, 7 months ago

How Beyond Meat made it into the meat aisle

CNN  

New York CNN Business — Beyond Meat, the plant-based protein company, is on fire. “It feels like this breakthrough moment,” Beyond’s executive chair Seth Goldman told CNN Business. But “in the consumer’s mind, it’s definitely been a step-change in terms of awareness and acceptance.” One thing that likely helped more people learn about Beyond was its placement in the meat …

Meat-based alternatives gain new popularity
5 years, 7 months ago

Meat-based alternatives gain new popularity

Hindustan Times  

From Burger King’s introduction of a vegetarian version of its uber-popular Whopper burger to the much-celebrated Wall Street entry of vegan startup Beyond Meat, companies selling meat alternatives have the wind in their sails. The companies are banking on changing dietary habits of part of the population limiting meat consumption for environmental, health or animal rights reasons. But several companies …

Beyond Meat stock is overpriced beyond reason, says analyst who had Facebook IPO pegged
5 years, 7 months ago

Beyond Meat stock is overpriced beyond reason, says analyst who had Facebook IPO pegged

LA Times  

In the world of high finance, Erlan Abdikarimov is as small-time as they come. So when Abdikarimov came out last week with a dire warning on Beyond Meat Inc., predicting shares would plunge, no one on Wall Street took much notice. After all, Beyond Meat is the hottest IPO the U.S. market has seen in more than a decade, with …

The meatless burger revolution is just getting started
5 years, 8 months ago

The meatless burger revolution is just getting started

CNN  

New York CNN Business — The plant-based protein trendis growing more rapidly than most people anticipated. Burger King announced plans to roll out an Impossible burger nationally, and Ikea said it’s developing a new meatless meatball designed to taste like animal meat. Other chains, like White Castle, Carl’s Jr., Bareburger, Qdoba and others also feature Beyond Meat or Impossible Foods …

Beyond Meat IPO: Stock skyrockets 163% as it hits public market
5 years, 8 months ago

Beyond Meat IPO: Stock skyrockets 163% as it hits public market

LA Times  

Beyond Meat CEO Ethan Brown, center, celebrates with guests after ringing the opening bell at Nasdaq MarketSite in New York on Thursday. “But it’s not clear that Beyond Meat is that.” The company will need to expand its product range to succeed outside the United States, where burgers aren’t as popular, Lawson added. Brown says Beyond Meat’s ingredient list — …

Meatless burgers are so popular, one company is going public
5 years, 8 months ago

Meatless burgers are so popular, one company is going public

CNN  

New York CNN Business — Beyond Meat, the company that makes meatless alternatives to beef, pork and poultry, began trading at $46 a share on Thursday, an 84% increase over its IPO price of $25. “We’ve been overwhelmed with interest from some of the highest quality institutions in the world,” Beyond Meat CEO Ethan Brown told CNN Business on Thursday, …

Nestle goes vegan with meat-free burger range, says its recipes could compete for taste with traditional beef patties
5 years, 9 months ago

Nestle goes vegan with meat-free burger range, says its recipes could compete for taste with traditional beef patties

Firstpost  

The world’s biggest packaged foods group, known for KitKat bars and Nescafe instant coffee, is trying to defend its place in consumers’ shopping carts Zurich: Nestle is looking to take a bite of the fast-growing vegan foods market with a range of plant-based burgers, saying its recipes could compete for taste with traditional beef patties. The world’s biggest packaged foods …

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