Beyond Meat® To Expand Walmart Distribution
September 29 2020 - 9:00AM
Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat,
today announced a major expansion in its long-standing relationship
with Walmart, the world’s largest retailer1. Following this
summer’s successful launch of the Cookout Classic™ value pack,
Beyond Meat’s most affordable product offering to date, this fall,
Walmart plans to triple availability of the Beyond
Burger
® from approximately 800 locations to more
than 2,400 stores nationwide beginning next week. The move comes as
part of Beyond Meat’s effort to increase worldwide accessibility to
simple, plant-based meat products made without GMOs.
Beyond Meat first launched its frozen products
at Walmart in 2015. Since then, Walmart has expanded its Beyond
Meat in-store offerings to include the Beyond Burger and Beyond
Sausage® in the fresh meat aisle and most
recently, the Beyond Breakfast Sausage® patties in
the freezer aisle.
“Walmart has been a terrific partner and we’re
excited to strengthen that partnership in depth and breadth as we
look to offer more Beyond Meat products at more Walmart locations,
furthering our commitment to increasing accessibility of
plant-based meat,” said Chuck Muth, Chief Growth Officer, Beyond
Meat.
This news follows an exciting year of growth for
Beyond Meat, whose products are available at approximately 112,000
retail and foodservice outlets in 85 countries worldwide. This
increased distribution of the Beyond Burger at Walmart comes as the
demand for plant-based meat continues to rise and consumers
continue to choose Beyond Meat; according to the latest 4-week
SPINS data ending 9/6/20, Beyond Meat was the #1 selling brand in
all refrigerated plant-based meat.
The Beyond Burger is designed to look, cook and
satisfy like a traditional beef burger but is made from simple,
plant-based ingredients without GMOs, soy or gluten.
The Beyond Burger has:
- 20g of protein, offering a complete
protein source derived from a combination of peas, mung beans and
rice
- 35% less saturated fat than an
80/20 beef burger
- No cholesterol, antibiotics or
hormones
- Certified Kosher and Halal
Beyond Meat’s vision is to be a global protein
company capable of serving consumers’ growing demand for delicious,
nutritious and sustainable protein. Recently, the findings from a
clinical study using Beyond Meat’s plant-based products were
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 plant-based meat 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 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, and Beyond
Meat is committed to supporting further academic and scientific
study into the impacts of plant-based meats on health.
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https://nrf.com/resources/top-retailers/top-100-retailers/top-100-retailers-2020-list
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,
hormones, antibiotics, or cholesterol. Founded in 2009, Beyond Meat
products are designed to have the same taste and texture as
animal-based meat, but are 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
June 27, 2020, Beyond Meat had products available at approximately
112,000 retail and foodservice outlets in 85 countries worldwide,
including approximately 26,000 retail outlets in the U.S. 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 June 27, 2020
filed with the SEC on August 11, 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 ContactAllison
Aronoffaaronoff@beyondmeat.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4ee49555-04db-4baa-9c6d-c6fbf3f8d8bf
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