Company Of The Day: Beyond Meat

-33.09%
Downside
36.94
Market
24.72
Trefis
BYND: Beyond Meat logo
BYND
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?

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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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