
Vegan business Beyond Meat has seen an incredible surge in profits as the market for plant-based meats continues to boom.
The brand had a net income of $4.1 million in Q3 this year, marking its first ever profit, while revenues in the same period were up to $92 million – a 250 percent increase on Q3 results last year.
“We remain focused on expanding our distribution footprint, both domestically and abroad, building our brand, introducing new innovative products into the marketplace, and bolstering our infrastructure and internal capabilities to fuel our future growth,” Beyond Meat CEO Ethan Brown said.
The company’s revenue has soared following partnerships with major fast food brands KFC, Dunkin’ and Subway.
Beyond Meat products are now stocked at an incredible 58,000 locations across the US.
Estimated revenues for 2019 have been raised from $265 million to $270 million off the back of the surprising rate of growth.
Beyond Meat is also hoping for the new McDonald’s P.L.T sandwich featuring its burger patty to launch soon.
And chain Denny’s has also announced a partnership with the brand, with the Beyond Burger featuring in Los Angeles stored this year and being rolled out nationwide in 2020.
The company entered the stock market in May and was a raging success, with its valuation more than doubling on an incredible first day.
The California-based company’s shares started off at $25 each, and soared throughout the day finishing at $68.75 – valuing the company at nearly $3.8bn.
The surge was the biggest increase in valuation for any company on its debut listing since 2008.
What does Beyond Meat’s success say about the future of veganism? Share your thoughts in the comments section below!
Lifestyle
Vegan culture, food, beauty & more
8 practical ways you get your loved ones to quit eating meat
- Mohsina Dodhiya
- 31st March 2023
Eating meat has long been a contentious issue, with people often having strong opinions on both sides of the discussion. For those who are committed to a vegetarian or vegan lifestyle, it can be difficult to watch their loved ones continue to consume meat. However, there are ways to have a constructive and persuasive conversation …
Continue reading “8 practical ways you get your loved ones to quit eating meat”
The Lord of the Rings franchise under fire after horse dies on set for the second time
- Mohsina Dodhiya
- 27th March 2023
PETA renews calls for Hollywood to replace animals with CGI Amazon’s television series The Lord of the Rings: The Rings of Power has come under fire after a horse died during rehearsals for a season 2 scene in the UK. The horse was one of about 30 on set that day and died of cardiac …
VEGAN MEMES
NEED A LAUGH?
QUIZZES
All the quizzes you love to binge!
QUIZ: If you score 11/12 on this quiz, you’re a verified vegan food expert
- Marlon Farrugia
- 10th January 2020
How much vegan knowledge do you have stored away? Do you have to Google your way through a shopping trip, or do you have all the bad E-numbers memorised? Find out now with this quiz. Marlon Farrugia Marlon Farrugia is a freelance writer from Brighton. He has been a dedicated vegan for many years, and …
Continue reading “QUIZ: If you score 11/12 on this quiz, you’re a verified vegan food expert”
QUIZ: What is your perfect Vegan Halloween Costume?
- Marlon Farrugia
- 13th October 2019
Spook Season approaches. There will be ghosts, goblins, ghouls, and glucose. You need a costume, and you want to it to show off your personality, which means VEGAN. But what to choose? Take our quiz to find out your perfect outfit. Marlon Farrugia Marlon Farrugia is a freelance writer from Brighton. He has been a …
Continue reading “QUIZ: What is your perfect Vegan Halloween Costume?”
QUIZ: What kind of vegetable are you?
- Marlon Farrugia
- 26th September 2019
“If you were a vegetable, what kind would you be?” A question that has tormented humanity throughout the ages – until now. Read: QUIZ: If you score 19/20 on THIS quiz, you’re a Vegan God Marlon Farrugia Marlon Farrugia is a freelance writer from Brighton. He has been a dedicated vegan for many years, and …