The Clap
Beyond Meat (NASDAQ: BYND) is expanding its meatless chicken distribution to 8,000 retail locations.
More details
Retail grocery shops & pharmacies like Albertsons, Sprouts, Whole Foods Market, CVS, & Kroger will have the item available at their stores.
Why this matters
This move can be seen as Beyond Meat’s way of improving what it has rather than adding new products. The company recently struck partnerships with Mcdonald’s & PepsiCo to explore plant-based fast food products.
Sales of plant-based food soared during the pandemic as restaurants shut down, but have since plunged. Beyond Meat is no different, as its stock is down more than 65% over the past year.
