Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat,
today announced significant product distribution expansion within
thousands of European retail locations this spring. As Beyond Meat
has grown its retail presence in the region, the European
plant-based foods market has seen aggressive growth with sales
increasing by 49% over the last two years1. Beyond Meat’s
commitment to making products utilizing simple, plant-based
ingredients without GMOs has enabled the brand to rapidly expand
product distribution throughout the continent.
Beyond Meat products are available at
approximately 122,000 retail and foodservice outlets in over 80
countries worldwide. The new product distribution in Europe
includes:
United Kingdom: In April,
Sainsbury’s is nearly doubling its distribution of
the Beyond Burger® nationwide. This follows the launch of Beyond
Sausage® in Sainsbury stores this past January.
Waitrose also recently launched the Beyond Burger
and Beyond Sausage. Between these two retailers, Beyond Meat is
entering 445 new retail stores throughout the UK market.
Germany: Throughout April and
May, Beyond Meat is expanding its product offerings in over 1,000
new German retail stores through Kaufland, Tegut,
Famila and Real.
Austria: In April, Beyond Meat
will expand product offerings at SPAR locations
throughout Austria and will add products to BILLA
and BILLA PLUS locations. The expansion will bring
Beyond Meat products to a total of approximately 1,500 new retail
stores in Austria.
Switzerland: This April, Beyond
Meat will expand Beyond Mince® distribution to 155
Migros stores throughout the country.
The Netherlands: In March,
Beyond Mince became available for the first time in the market
through distribution at nearly 1,000 Albert Heijn
and Jumbo stores.
With the recent development of Beyond Meat’s
European product innovation Beyond Mince, the company continues its
retail expansion focus in additional countries such as France,
Spain, Belgium, Italy and more at prominent retailers such as
Casino Group, Carrefour, Esselunga and Delhaize.
“These new and expanded retail partnerships
throughout the continent serve as strong proof points that Europe’s
appetite for plant-based meat and Beyond Meat products in
particular is on the rise,” said Chuck Muth, Chief Growth Officer,
Beyond Meat. “In fact, because of our strict ingredient guardrails,
we’ve been able to more easily enter global markets including the
EU to make plant-based meat options that are better for people and
the planet more accessible to all.”
In June 2020, Beyond Meat announced the opening
of its first co-manufacturing facility in Europe in partnership
with Zandbergen World’s Finest Meat in Zoeterwoude, as well as the
acquisition of the company’s first manufacturing facility in
Enschede, underscoring the company’s commitment to serving its
global markets. The Enschede facility will work together with the
Zandbergen co-manufacturing facility to allow for end-to-end
manufacturing capabilities in Europe. Together, the facilities will
increase the speed, scale and efficiency with which Beyond Meat can
produce and distribute its latest product innovations to its retail
and foodservice customers across Europe, the Middle East and
Africa.
The move comes as part of Beyond Meat’s effort
to meet consumers’ growing demand for delicious, nutritious and
sustainable, plant-based meat made without GMOs or bioengineered
ingredients. In a study conducted at Stanford University and
published in The American Journal of Clinical Nutrition,
researchers evaluated the impact of replacing animal-based meat
with Beyond Meat’s plant-based meats over an 8-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. The results of the Stanford
University study complement the results of the University of
Michigan’s 2018 LCA which showed that the original Beyond Burger,
compared to producing a ¼ lb. standard 80/20 beef burger, has 99%
less impact on water scarcity, 93% less impact on land use,
requires 46% less energy and generates 90% less greenhouse gas
emissions.
About Beyond Meat
Beyond Meat, Inc. (NASDAQ: BYND) is one of the
fastest growing food companies in the United States, offering a
portfolio of revolutionary plant-based meats made from simple
ingredients without GMOs, bioengineered ingredients, hormones,
antibiotics, or cholesterol. 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 meat, we can positively
impact four growing global issues: human health, climate change,
constraints on natural resources and animal welfare. As of December
31, 2020, Beyond Meat had products available at approximately
122,000 retail and foodservice outlets in over 80 countries
worldwide. Visit www.BeyondMeat.com and follow @BeyondMeat,
#BeyondBurger and #GoBeyond on Facebook, Instagram and Twitter and
@BeyondMeatOfficial on 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 the Company’s Annual Report on Form 10-K for the
year ended December 31, 2020 filed with the U.S. Securities and
Exchange Commission (“SEC”) on March 1, 2021 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 we do update one or more forward-looking
statements, no inference should be made that we will make
additional updates with respect to those or other forward-looking
statements.
Media Contact
Shira ZackaiShira.Zackai@beyondmeat.com
1 Nielsen Smart Protein Report 2021
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1b2f42c7-80a4-4cc7-96e7-d30293ddbca8.
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