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EL SEGUNDO, Calif. - Beyond Meat, Inc. (NASDAQ: NASDAQ:BYND), currently valued at $252 million in market capitalization, has introduced two new pre-seasoned flavors to its plant-based Beyond Steak range, now available at Sprouts Farmers (NASDAQ:SFM) Market locations nationwide. The Beyond Steak Chimichurri and Beyond Steak Korean BBQ-Style aim to provide consumers with convenient and heart-healthy meal options.
The company, a pioneer in the plant-based meat industry, is known for its products that mimic the taste and texture of animal-based meat while offering health and environmental benefits. The new steak varieties boast 20 grams of plant-based protein per serving, just 1 gram of saturated fat, and no cholesterol. They are also certified by the American Heart Association’s Heart-Check program and the American Diabetes Association’s Better Choices for Life program. According to InvestingPro data, the company faces challenges with gross profit margins at 5.92% in the last twelve months.
Beyond Meat’s expanded line responds to the growing consumer demand for healthier and convenient food choices. The original Beyond Steak has been recognized for its tender bite and flavor, and the new seasoned versions continue this trend, catering to those who seek to reduce saturated fat and cholesterol in their diets. With annual revenue of $323 million, the company faces operational challenges, as revealed by InvestingPro analysis, which identifies 14 key factors affecting the company’s performance.
The new Beyond Steak Chimichurri and Beyond Steak Korean BBQ-Style options are part of Beyond Meat’s broader portfolio, which includes the Beyond Burger, Beyond Beef, and Beyond Sausage, all designed to offer healthier alternatives to traditional meat products. The company’s stock has declined nearly 27% over the past six months, reflecting ongoing market challenges.
This announcement follows the company’s recent product launches and initiatives aimed at improving the nutritional profile of its offerings, such as incorporating avocado oil, which is high in heart-healthy monounsaturated fats.
The introduction of these new products is based on a press release statement and comes amid the company’s efforts to innovate within the plant-based meat sector. Beyond Meat continues to emphasize its commitment to providing products that not only satisfy taste preferences but also contribute to personal health and environmental sustainability.
Investors and consumers interested in Beyond Meat’s expanded steak line can find the new flavors in the freezer aisle at Sprouts Farmers Market stores, with the original Beyond Steak also available at major retailers across the country. For recipe ideas and more information, visit Beyond Meat’s official website.
In other recent news, Beyond Meat, Inc. has reported its third-quarter 2024 financial results, though specific financial details were not revealed in the report. The earnings call, led by key executives including CEO Ethan Brown and CFO Lubi Kutua, provided an overview of the company’s performance and future outlook. Despite potential uncertainties that could affect future results, Beyond Meat’s management remains optimistic about the company’s prospects.
In other developments, Beyond Meat has announced the nationwide rollout of its new plant-based sausage offering, Beyond Sun Sausage, at Whole Foods Market stores. Following a successful initial launch, the product quickly became a top-selling new plant-based meat alternative. Beyond Meat’s CEO, Ethan Brown, expressed enthusiasm about the expansion, emphasizing the alignment with the company’s mission to provide nutritious and sustainable plant-based eating options.
These updates highlight Beyond Meat’s ongoing commitment to innovation in the plant-based food sector and its efforts to cater to health-conscious consumers. The company’s recent developments also include a reformulation of its core products to reduce saturated fat content and the release of a free cookbook with heart-healthy recipes. As always, Beyond Meat advises investors that its forward-looking statements are subject to risks and uncertainties.
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