Faux Meat

Beyond Meat To Launch Meatless Chicken Tenders at Grocery Stores in October

Kimberly Redmond | |

Beyond Meat Inc’s (Nasdaq: BYND) meatless chicken tenders will be available for purchase at select grocery stores nationwide starting next month, the faux meat company said Monday.

The announcement follows a successful launch of Beyond Chicken Tenders at more than 400 restaurants across the US in July, according to the company.

Beyond Meat Posts Surprise Loss in Q3, Widely Missing Estimates

Reuters | |

Beyond Meat Inc's shares sank 22% on Tuesday as a slowdown in the pace of sales growth for its plant-based meat shocked investors, while a surprise announcement of a tie up with McDonald's Corp created more confusion than hunger on Wall Street.

The faux meat maker’s shares surged nearly 90% over the last year, as the company emerged as one of the leaders of a plant-based meat trend that has had fast-food chains falling over themselves in a rush to get the veggie products on their menus.

However, Beyond Meat said on Monday COVID-19 restrictions were cutting sales at many of the restaurants and food-service joints it supplies, while initial stocking up of its plant-based burgers and sausages at grocery stores had tapered down, leading to a surprise quarterly loss.

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