Washington (GGM) Analysis | August 21, 2020 by Sarah J. Kings
Beyond Meat is a US-based vegan alternative meat company that focuses on sustainability and animal welfare. They are the makers of the beet juice burger that “bleeds” like beef. With 20 grams of protein per serving, this new backyard barbecue staple does more than just drip red juices on the grill.
In May of 2019, when Beyond Meat first became publicly traded, the market exploded with excitement. According to Forbes, the stock closed that day at a 43% increase. People around the country finally saw what CEO Ethan Brown knew all along— alternative meat is an industry that will change the world.
Instagram – @beyondmeat
Despite the plummet that most traded companies felt during the months of quarantine, in May of 2020, Beyond’s share values reportedly grew 82%. And the company continued to grow and forge deals to further their infiltration into the lives of average people.
On August 4th, Beyond reported a net loss of a whopping $10.2 million— but don’t let the word ‘loss’ fool you. Brown has made it clear that Beyond will continue to push through these unprecedented times and provide an affordable, more sustainable, and healthier plant-based alternative to beef. During the second quarter, Beyond partnered with megastores Target and Walmart, making this vegan burger more accessible than ever. The partnership helped the company reach $113.3 million in net sales.
Beyond Meat is already at T.G.I.Friday’s, Dunkin’, and Carl’s Junior, and each partnership helped launch the company’s success further. On August 12th, Aramark announced that they, too, will be partnering with Beyond. As one of the largest food providers in the US, this is a big deal that will positively impact Beyond’s stock in the future. When America ‘reopens’, and people return to schools, college campuses’, and stadiums Beyond will be there— and you can count on stock values to reflect that.
Twitter – @Ceo_topcvstudio
- Beyond Meat is an alternative meat company that focuses on sustainability and animal welfare
- Beyond stock closed at a 43% increase on its first day on the market
- May of 2020, Beyond’s share values reportedly grew 82%
- Despite a reported a net loss of $10.2 million, Beyond made relationships with Target & Walmart during quarantine
- The company reach $113.3 million in net sales in Q2
- On August 12th, Aramark announced a partnership with Beyond
- Expect to see Beyond Meat in schools, college campuses’, & stadiums
- When America ‘reopens’, the stock value will increase
© Copyright 2018 – 2020. ALL Rights Reserved.