![]() ![]() ![]() We note that Beyond Meat has been struggling with weak foodservices business for a while now. The venture seeks to develop, produce and market innovative plant-based protein snacks and beverages. PEP to form a new joint venture entity - The PLANeT Partnership, LLC. Earlier this year, the company teamed up with PepsiCo, Inc. KR, Whole Foods Market, Harris Teeter and Albertsons to name a few. This year the company teamed up with Yum! Brands to develop exclusive plant-based products.Īdditionally, the company is expanding its distribution capabilities by teaming up with companies like Walmart, The Kroger Co. Last year, the company rolled out several new products such as Beyond Breakfast Sausage Links, Beyond Meatballs, Cookout Classic and Beyond Breakfast Sausage. When it comes to bolstering product offerings, we note that Beyond Meat has been actively undertaking innovations. Its products are sold at approximately 28,000 retail outlets across the United States. Moreover, Beyond Meat is expected to benefit from Walmart’s deep rooted and widespread presence in the retail sector.īeyond Meat prides on being a leading provider of healthy plant-based meat alternatives whose products are made from simple ingredient and contain no GMOs or bioengineered components. Customers’ response toward Cookout Classic has been encouraging, as a result of which Beyond Meat is reintroducing the item as a permanent SKU.īy expanding its partnership with Walmart, the company expects to meet the rising demand for plant-based meat products as well as unlock new potentials in this space. Speaking of Cookout Classic, the product offers superior taste with the added convenience of being sold frozen. Compared to traditional pork sausages, Beyond Sausage Hot Italian offers more protein and iron with less total and saturated fat as well as no cholesterol, antibiotics or hormones. Beyond Sausage Hot Italian and Cookout Classic are the latest additions to this list. Since then, the company has expanded its in-store offerings at Walmart to include Beyond Burger and Beyond Sausage in the fresh meat aisle, while the Beyond Breakfast Sausage patties were added in the freezer aisle. This is the second time in a year that Beyond Meat expanded its offerings at Walmart.īeyond Meat’s frozen products were first launched at Walmart’s stores in 2015. Per the latest announcement, Walmart will be including the Beyond Sausage Hot Italian product across more than 400 of its stores, while also expanding the frozen Cookout Classic value pack across nearly 500 stores. Broadening Distribution At Walmart Looks Prudentīeyond Meat products are sold at more than 2,400 Walmart locations nationwide. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The company’s shares have rallied 68.9% in a year compared with the industry’s growth of 24.9%. The move forms part of Beyond Meat’s efforts to make plant-based meat options accessible to consumers across markets.įollowing the announcement, shares of Beyond Meat increased 3% during the trading session on Mar 9. WMT a step further, by increasing the distribution of certain products. Well, the plant-based meat products giant is taking its product expansion spree at Walmart Inc. BYND on wheels with regards to expanding product offerings at retail outlets as well as engaging in prudent innovations. ![]() The rising popularity of plant-based food alternatives has kept Beyond Meat, Inc. ![]()
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