Beyond Meat® Expands U.S. Retail Distribution Within Multiple National and Regional Grocery Chains
April 08 2021 - 9:00AM
Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat,
today announced several major product expansions within its
existing footprint at retailers nationwide. As demand for
plant-based meat continues to rise, this increased distribution
strengthens the company’s expansive retail presence at
approximately 28,000 retail outlets across the U.S. in which
consumers have made their preference for Beyond Meat clear: Beyond
Meat was the #1 selling plant-based meat brand in the refrigerated
category at grocery stores1 and across foodservice2.
The expanded retail product availability
includes:
Beyond Meatballs™: Newly
available at Kroger (approximately 1,500 stores),
Target (750 stores) and Giant
Foods (163 stores).
- Beyond Meatballs were first
introduced at retailers in September 2020.
- Conveniently pre-seasoned with a
signature blend of Italian spices, pre-rolled and ready to cook
with 30% less saturated fat and sodium than a leading brand of
animal-based Italian-style meatballs.
Beyond Breakfast
Sausage® Links: Newly
available at Kroger (approximately 1,500
stores).
- Beyond Breakfast Sausage Links were
first introduced at retailers in October 2020.
- A quick and convenient plant-based
option made with savory herbs and spices to make restaurant-style
breakfast an at-home staple but with 40% less sodium than a leading
brand of pork sausage links.
Cookout Classic™: Expanding
throughout April and May to more than 3,000 existing Beyond Meat
retail partner stores nationwide including Wegmans,
Albertsons/Safeway (Mid-Atlantic, NorCal, Phoenix and
Portland), FreshDirect.com, Jewel, Sprouts, Stew Leonard’s,
and Stop & Shop.
- Cookout Classic was first
introduced as a permanent retail offering within Walmart stores in
March 2021.
- Everything that customers love
about the juicy, meaty taste and texture of plant-based burgers
with the added convenience of being sold frozen in a value-pack
designed to feed the whole family.
Beyond
Sausage®: Newly
available at Super Target (200+ stores) in
May.
- Beyond Sausage was first introduced
at retailers in December 2017 and most recently expanded
distribution of Beyond Sausage Hot Italian within Walmart stores in
March 2021.
- A plant-based sausage designed to
look, sizzle, and satisfy like pork sausage but with more protein
and iron, less total and saturated fat and no cholesterol,
antibiotics or hormones.
“Last year, we expanded our retail portfolio by
introducing six new product SKUs. In tandem, we’ve been able to
work with major retailers across the country to expand our in-store
presence to offer more Beyond Meat products in more stores to
advance our unwavering commitment towards making plant-based meat
options that are better for people and the planet more accessible
to all,” said Chuck Muth, Chief Growth Officer, Beyond Meat.
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.
Visit Beyond Meat’s store locator to find Beyond
Meat products at a store near you.
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 Zackai Shira.Zackai@beyondmeat.com
1 SPINS data ending 2/21/212 NPD Supply Track®
ending February 2021 plant-based proteins, Total US excluding
commercial large chains and food stores
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a75601ff-c2da-49fc-86fd-555f7614a57a
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