Company Of The Day: Beyond Meat
What?
Beyond Meat (NASDAQ:BYND) is looking to expand the distribution of its meatless chicken tenders to 8,000 new grocery, pharmacy, and big-box retail locations including select Albertsons, Sprouts, Whole Foods Market, and CVS locations.
So What?
Beyond Meat has witnessed multiple quarters of weak retail sales, as consumer demand cooled following the early days of Covid-19 and also as the company focused more on fast-food partnerships. With the expansion of the distribution of chicken tenders, Beyond could give its retail business a boost.
See Our Complete Analysis For Beyond Meat
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| Returns | Apr 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| BYND Return | -10% | -33% | -42% |
| S&P 500 Return | -3% | -8% | 96% |
| Trefis Multi-Strategy Portfolio | -2% | -9% | 257% |
[1] Month-to-date and year-to-date as of 4/13/2022
[2] Cumulative total returns since the end of 2016
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