Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat,
today announced the next step forward in cutting-edge innovation
with the unveiling of two new versions of the Beyond Burger® which
are expected to launch nationwide in early 2021. A trifecta of
taste, health and sustainability, the new iterations are designed
to meet consumers’ growing demand for plant-based proteins that
deliver on both taste and nutrition, while featuring an enhanced
meaty flavor and the craveable taste consumers love, with an even
better nutritional profile.
Similar to the range of nutritional options of
beef currently available in the marketplace, the two versions are
designed to offer more choice for consumers. The new Beyond Burgers
will include the brand’s juiciest patty for the meatiest burger
experience even as it delivers strong nutritional wins relative to
80/20 beef with 35% less saturated fat, as well as its most
nutritious patty yet with 55% less saturated fat than 80/20 beef.
Both new burgers will boast the same savory taste profile, have
lower overall fat and fewer calories than 80/20 beef, and have B
vitamins and minerals comparable to the micronutrient profile of
beef.
"I am personally thrilled to introduce this new
Beyond Burger platform as it speaks so clearly to what our brand
and company stands for,” said Ethan Brown, CEO and Founder, Beyond
Meat. “Our commitment is to provide consumers with absolutely
delicious plant-based meats that are better for people and the
planet, no sacrifice required. These new iterations deliver on this
promise, and I am immensely proud of our team’s ability to make
such strong advances in taste, juiciness and nutrition through our
Rapid and Relentless Innovation program. Just as you can find
different varieties of ground beef, consumers will now have more
choice to satisfy their individual nutritional needs and
preferences."
Rapid and Relentless Approach to
InnovationBeyond Meat’s best-in-class approach to creating
cutting-edge innovations, coupled with a firm commitment to using
only simple plant-based inputs and no bioengineered ingredients,
has established the company as a category leader. The company
introduced the Beyond Burger in 2016, revolutionizing the category
as the first plant-based burger designed to look, cook and taste
like animal meat and sold in the meat case. The new Beyond Burger
iterations are the latest in a pipeline of new product offerings in
2020 following Beyond Breakfast Sausage® Patties, Cookout Classic™,
Beyond Meatballs™ and Beyond Breakfast Sausage Links. Beyond Meat
sells products at approximately 122,000 retail and foodservice
outlets in over 80 countries worldwide, including approximately
28,000 retail outlets in the U.S.
Commitment to Improving Human
HealthBeyond Meat is committed to serving consumers’
growing demand for delicious, nutritious and sustainable protein
with products that are simple and made from plants with no GMOs or
bioengineered ingredients. Beyond Meat’s products do not contain
many other elements, often found in animal protein, that have
raised health or safety concerns, such as hormones, antibiotics,
nitrates or heme iron, and the company is dedicated to supporting
academic and scientific studies into the impacts of plant-based
meats on health. The findings from a clinical study using Beyond
Meat’s plant-based products were recently published in The American
Journal of Clinical Nutrition. In the study conducted at Stanford
University, 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
provide yet another data point in a growing field of research about
how plant-based meat can help people live healthier lives.
Meat with a Lighter Environmental
FootprintThe 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. To illustrate these
benefits, the company launched its What if We All Go Beyond? brand
anthem, inviting consumers to see how over time through small
changes, such as what you put at the center of your plate, there
can be a meaningful collective impact on human health and the
health of our planet.
Exclusive Preview: Be the First to Try
ItBeyond Meat will host an exclusive preview in Los
Angeles from Nov. 18-20 to unveil the new versions of the Beyond
Burger. Bringing the Go Beyond® brand mantra to life, the
individualized, highly visual and immersive experience will include
a first look and taste of the new Beyond Burgers. Reservations are
available now via Resy, while supplies last. Follow Beyond Meat’s
social channels for live updates from the event using #GoBeyond.
The company expects to launch the new iterations of the Beyond
Burger nationwide in early 2021.
About Beyond MeatBeyond 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 September 26, 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.
Forward Looking
StatementsCertain 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, 2019 filed with the U.S. Securities and
Exchange Commission (“SEC”) on March 19, 2020, and the Company’s
Quarterly Report on Form 10-Q for the quarter ended September 26,
2020 filed with the SEC on November 9, 2020, 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
ContactShira Zackaiszackai@beyondmeat.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0d98a9b4-5175-478e-9bbf-19883d4892c3
Beyond Meat (NASDAQ:BYND)
Historical Stock Chart
From Mar 2024 to Apr 2024
Beyond Meat (NASDAQ:BYND)
Historical Stock Chart
From Apr 2023 to Apr 2024