After seven consecutive quarters of revenue declines, Beyond Meat executives say they hope to turn the corner in 2024 with new product innovations, SKU rationalization, and price increases, but the company's fourth quarter and full-year results show...
The Beyond IV platform expands on previous Beyond Burger and Beyond Beef recipes with improved nutritional content and a simplified ingredient list that align with cleaner labels, and serves as the “most significant change to the [recipe],” Shira Zackai,...
According to analysts, Beyond Meat is in ‘survival mode’, as the plant-based meat maker continues to lose share in US retail. At the same time, the company is increasing distribution across the pond, where it has observed a faster-growing market.
Consuming plant-based meat, rather than its conventional counterpart from animals, is correlated with a “significant drop” in an emerging cardiovascular risk factor in a small study funded by an unrestricted gift from Beyond Meat and presented last week...
The negative attention around plant-based meat, including consumer concern about premium pricing amid rising grocery costs to ingredient transparency, have impacted Beyond Meat’s declining Q2 financials, prompting the company to launch its “There’s Goodness...
This week, it was announced that revenue for plant-based meat brand Beyond Meat had fallen by more than 30%. Does this say more about Beyond Meat or the plant-based sector in general? Why are some consumers rejecting plant-based meat?
The rapid growth of plant-based protein newcomer Actual Veggies suggests the sliding sales of alternative protein products that closely mimic their animal counterparts does not represent a lack of consumer interest in vegetarian and vegan options, but...
While the consumer market for plant-based meat does not completely consist of vegetarians and vegans, choosing a vegan burger over a meat one remains a conscious rejection of meat-eating. This provides plant-based meat with a meaning, its presence in...
While claims about Listeria and contaminants in a food production facility should be taken seriously, the allegations made in a Bloomberg article alleging “dirty conditions” at Beyond Meat’s production facility in Pennsylvania lack vital context, says...
“It's very frustrating to hear people talk all the time about transportation and power [in conversations about climate change] when right in front of you three times a day, there is a solution that's more impactful,” observed Beyond Meat founder...
Beyond Meat posted a year-over-year net loss of $101.7m on net sales of $82.5m in Q3 2022 as the company executes a "full force pivot" to its operating model, which includes slashing operating expenses to fortify the business and focusing on...
Six days after settling their lengthy legal dispute over the early termination of a supply contact, Don Lee Farms and Beyond Meat have resolved their differences over a separate lawsuit* in which Don Lee accused Beyond Meat of over-stating the protein...
Beyond Meat is rolling out its latest innovation - Beyond Steak - at Kroger and Walmart stores nationwide, as well as at select Albertsons and Ahold divisions and other retailers across the country.
The long-term imperative behind reducing our reliance on animal agriculture seems fairly compelling: The planet can’t sustain it. But with less engaged consumers dipping in and then out of the meat alternatives category as budgets tighten, and a subsegment...
Beyond Meat and former co-packer Don Lee Farms have agreed to settle an ugly five-year legal dispute prompted by the early termination of a supply contract in spring 2017.
Loss-making plant-based meat co Beyond Meat - which is currently squaring up to former co-packer Don Lee Farms in a trial in L.A. - has unveiled plans to lay off approximately 200 employees (19% of its global workforce) in a bid to cut costs and achieve...
Former executive chairman Seth Goldman, CEO Ethan Brown, Mattson CEO Justin Shimek and a cluster of senior Beyond Meat executives, past and present, are listed among 64 potential witnesses in the plant-based meat co’s trial with former co-packer Don Lee...
Beyond Meat has been testing its much-anticipated plant-based Beyond Steak and a new variant of Beyond Chicken – ‘Beyond Popcorn Chicken’ – in select stores ahead of a wider launch.
Days after suspending COO Doug Ramsey following an alleged assault, Beyond Meat says chief supply chain officer Bernie Adcock – who joined the beleaguered plant-based meat co with Ramsey in December 2021 from Tyson Foods – has informed bosses of his plans...
Billed as a “first-of-its kind, category-disrupting product,” the Beyond Carne Asada Steak – the fruit of an 18-month partnership between Beyond Meat and Taco Bell - will be tested in Taco Bell locations in Dayton, Ohio, from October 13 for a limited...
Panda Express is rolling out Beyond: The Original Orange Chicken – a “plant-powered” entrée co-developed with Beyond Meat – to 2,300+ US locations until November 30, while supplies last, following a successful small-scale trial in 2021.
Impossible Foods is expanding its collaboration with Burger King with tests of a plant-based ‘chick’n’ patty in 47 restaurants in Cincinnati, Ohio, through mid-October. The move comes hot on the heels of tests of Impossible’s plant-based nuggets in Burger...
A lawsuit* recently filed by former co-packer Don Lee Farms accusing Beyond Meat of “grossly” overstating the protein in its products is motivated by “personal vendetta" and should be seen as a “transparent attempt to gain leverage” on the eve of...
Beyond Meat – which has just posted another grim set of quarterly figures driving its share price down to new lows – is gearing up for a showdown with former co-packer Don Lee Farms at a court in Los Angeles with a trial date scheduled for September 26.
Beyond Meat CEO Ethan Brown faced another grilling from analysts on the firm’s Q2 earnings call Thursday after posting a $97.1m net loss on net sales of $147m, lowering guidance for the full year from $560-$620m to $470m-$520m, and cutting 4% of its global...
With protein content claims in the spotlight after Beyond Meat was hit with two lawsuits filed in the space of one week alleging it overstates the protein in its plant-based burgers and other products, FoodNavigator-USA caught up with labeling experts...
Beyond Meat has been hit with two lawsuits this week alleging it “grossly overstates” the protein in its products: one consumer class action complaint, and another from former co-packer Don Lee Farms, which has been embroiled in an ugly legal dispute*...
Despite its grim near-term figures, Beyond Meat’s long-term prospects are good, insisted CEO Ethan Brown on the firm’s Q1 earnings call Wednesday as analysts queried how much longer the plant-based meat firm would have to speculate before it started to...
Beyond Meat has agreed to settle a lawsuit filed by common stockholders alleging that top executives breached their fiduciary duties in their dealings with former co-packer Don Lee Farms. Company executives named in the complaint do not admit any wrongdoing,...
Beyond Meat is rolling out its Beyond Burger and Beyond Meatballs products at approximately 2,000 Rite Aid stores nationwide as the company aims to expand its presence across all retail channels including drugstores.
Despite promising test results in small-scale trials last year, the pea-protein-fueled McPlant burger – developed with Beyond Meat – is not setting the world on fire in tests at a broader selection of McDonald’s locations, according to Peter Saleh, managing...
Kroger has teamed up with Impossible Foods and Denver-based Custom Made Meals, which manufactures entrees and appetizers for Kroger’s Home Chef brand, to develop plant-based protein products, although it has not provided details about the scope of the...
Despite recent setbacks, the outlook for Beyond Meat is looking rosier in 2022, insisted CEO Ethan Brown during the firm’s Q4 earnings call Thursday as growth in international markets and a recovery in foodservice sales were offset by double-digit year-on-year...
Beyond Meat CEO Ethan Brown urged analysts to “differentiate between short term variability on the one hand, and ongoing strong progress toward a long term vision of becoming tomorrow's global protein company on the other,” during the plant-based...
US retail sales of refrigerated plant-based meat alternatives were down -3.1% in Q3 2021 compared with the same period in 2020, but were still up 74% vs the same period in 2019, according to IRI data for the 13 weeks to September 26.
Beyond Meat is rolling out its Beyond Breakfast Sausage Links in Canadian grocery stores nationwide marking the plant-based brand's entry into the Canadian retail breakfast category.
Following its initial foodservice launch earlier this year, Beyond Meat is rolling out Beyond Chicken Tenders at retailers in select markets across the US next month.
Impossible Foods will start rolling out plant-based Impossible Chicken nuggets to the frozen aisle at grocery chains including Walmart, Safeway and Kroger later this month, with a view to reaching 10,000 stores by the year end, while restaurants nationwide...
Beyond Meat has won the latest round in its bitter four-year legal dispute* with former co-manufacturer Don Lee Farms triggered by the early termination of an exclusive five-year supply agreement between the two parties. But the case is far from over,...
Don Lee Farms has filed a motion to compel Beyond Meat to share text messages from CEO Ethan Brown in the latest installment of an increasingly acrimonious legal dispute* between the plant-based meat firm and former co-manufacturer Don Lee Farms triggered...
Beyond Meat’s filings with the United States Patent and Trademark Office (USPTO) reveal the broad scope of the company’s innovation pipeline, with trademark applications over the past couple of years spanning everything from Beyond Milk and Beyond Eggs...
Pizza Hut and Beyond Meat are trialing Beyond Pepperoni Pizza, a plant-based version of Pizza Hut’s #1 selling pizza topping, in nearly 70 locations across five US markets for a limited time.
Beyond Meat is predicting a drop in revenues in the third quarter ($120-140m) vs the second quarter ($149.4m) reflecting some recent distribution losses in foodservice, labor issues at some partners, and uncertainty as the Delta variant of COVID-19 spreads....
Beyond Meat has expanded its partnership with A&W Canada, making its plant-based chicken nuggets available at all the quick-service restaurant chain's locations throughout Canada.
If you look at the ingredients lists of most plant-based burgers, they’re not wildly different – a combination of extruded plant proteins, hard and liquid fats, natural flavors, yeast, methylcellulose, starch, seasonings and perhaps added vitamins and...
The plant-based chicken category is heating up with Impossible Foods unveiling plans to enter the market in the fall with soy-based nuggets, going head to head with rival Beyond Meat, which has just launched pea-, and faba bean-based tenders.
Beyond Meat and Impossible Foods enjoy more than twice the in-store velocity of other plant-based meat brands in the US retail market, "and so we believe this is still very much a two-horse race,” claim analysts at Bernstein, who say some of the...
Both sides have claimed victory in the latest installment of an increasingly acrimonious legal dispute* between Beyond Meat and its former co-manufacturer Don Lee Farms triggered by the early termination of an exclusive five-year supply agreement the...
Beyond Meat posted a 11.4% increase in net revenues to $108.2m in the first quarter (ended April 3) and a net loss of $27.3m, with solid growth in retail (+45% to $81.025m) dented by declines in foodservice (-34% to $27.139m), although execs say they’re...