![]() Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. ![]() US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account And other plant-based brands, like Kroger’s Simple Truth and Nestle’s Sweet Earth, have been expanding their offerings. Impossible Foods, Beyond’s main competitor, raised $500 million last year and later announced plans to double its research and development team. The latest product will be available in a $5.99 two-pack, $9.99 four-pack or a one pound package of ground meat alternative, also for $9.99.Īs the company grows its reach, rivals have been ramping up as well. The company’s products are now available in 28,000 retail locations across the United States. (BYND) is working with Yum to develop plant-based menu items for Yum’s restaurants, including KFC, Pizza Hut and Taco Bell.īeyond has also been rapidly expanding its availability in grocery stores. (MCD) style burger made with a plant-based patty. (MCD) deal was an expansion of a previous partnership launched in 2020, which included the creation of the McPlant, a traditional McDonald’s And then in February, the company announced two separate partnerships, one with McDonald’s (PEP) to jointly develop and distribute snacks and drinks made with plant-based protein. It’s been a busy year for the company already. The company previously announced plans to cut costs, including layoffs.The new recipe is designed to taste more like animal meat. For ground beef, the PDCAAS score is thought to be around 0.92. This means that you can expect to absorb about 80 of the 20 grams. Best Sellers Rank: 317,429 in Grocery & Gourmet Food ( See Top 100 in Grocery & Gourmet Food) 96 in Meatless Meatballs, Chunks & Crumbles. The Beyond Meat patty is made from pea protein isolate, which ranks as moderate quality, with a PDCAAS score of around 0.8 out of 1. Beyond posted a net loss of $366 million in 2022, compared to $182 million in 2021. Product Dimensions : 5.3 x 4.8 x 1.2 inches 15.98 Ounces. The US accounted for 72.5% of Beyond's sales in 2022 by revenue. It supplies chains including McDonald's, where it provides its McPlant patties and nuggets, and some Pizza Hut restaurants. Restaurants made up 25.8% of its US fourth-quarter sales, compared to more than half of its sales in international markets. In the US, sales of Beyond's products to restaurants took the biggest hit, falling 30% year-over-year for the fourth quarter. Meat prices weren't hit as hard as other grocery categories. In the year to January, the price of food for at-home consumption increased 11.3%, according to data from the US Bureau of Labor Statistics. "It seems reasonable that consumers may retreat from protein that can be 2x the price of its animal-based equivalent during periods of intense inflation and reduced buying power, and that a reduction in price given this dynamic would spur increased consumption," Brown said. Account icon An icon in the shape of a person's head and shoulders.
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