AUGUST 5, 2022:
UNDATED (AP)- Plant-based meat maker Beyond Meat says it’s laying off 4% of its workforce. The move follows a difficult second quarter that saw cost-conscious customers bypass its higher-priced products. El Segundo, California-based Beyond Meat said its revenue fell 1.6% to $147 million. Beyond Meat President and CEO Ethan Brown said customers dealing with food price inflation traded down to cheaper store brands of plant-based meat or bought animal meat. Brown said the results magnified the importance of the company’s longtime goal of achieving price parity with animal-based meat.
AUGUST 2021:
Beyond Meat this week (Aug. 29, 2021) announced it is debuting its Beyond Chicken Tenders at select retailers nationwide.
In addition to the retail rollout of the plant-based chicken tenders, Beyond Meat is also increasing its retail product distribution of other Beyond Meat products at Walmart stores in which Beyond Meat products are currently sold, making this the third such expansion this year alone.
The company promotes the Beyond Chicken Tenders as a product that contains no GMOs, antibiotics, hormones or cholesterol. The protein in Beyond Chicken Tenders is derived from the faba bean, a nutrient-packed legume crop. Its unique qualities, the company says, make it the optimal ingredient for replicating the taste and texture of traditional chicken tenders.
The retail rollout of Beyond Chicken Tenders follows the foodservice launch earlier this summer. Beyond Chicken Tenders come pre-cooked, ready-to-heat in the air fryer, oven or microwave. Starting in October 2021, shoppers can find Beyond Chicken Tenders in select grocery stores.
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