• ×

جديد المقالات

بواسطة : ahmed

番組中の午前8時50分、日向灘でM6.3の地震が発生したと速報が入...


بواسطة : ahmed

https://www.wlh-wlh.com/contents/useruppic/1_fvhMKt6gwTGTpvwn.jpg لوسي -...


بواسطة : ahmed

There are various standard weight decrease legends that people live by concerning their...


Beyond Meat stock more than doubles on first day of trading

زيادة حجم الخط مسح إنقاص حجم الخط
Beyond Meat CEO Ethan Brown said the IPO timing is right, as the company wants to expand overseas. He also wants consumers to be able to buy shares because they've fuelled the company's growth.

"It really is a wonderful feeling to be able to welcome people in who have helped this brand," Brown told The Associated Press.
So far, Beyond Meat has worked with restaurants to sell its products, but it will soon go direct to consumers in the grocery aisle. (Pete Evans/CBC)

Still, Beyond Meat has never made an annual profit; it lost $30 million last year. It's also facing serious competition from other "new meat" companies like Impossible Foods and traditional players like Tyson Foods Inc. Tyson recently sold a stake in Beyond Meat because it plans to develop its own alternative meat.

Beyond Meat went public on the Nasdaq on Thursday. (Brendan McDermid/Reuters)

Beyond Meat, a maker of meat alternatives, went public on stock markets on Thursday, and investors quickly drove up the price of the shares within minutes of being able to finally sink their teeth into the company.

The company is the first pure-play maker of vegan "meat" to go public, according to Renaissance Capital, which researches and tracks IPOs.

Beyond Meat raised about $240 million US selling 9.6 million shares for $25 each on Wednesday alternative. That values the company at about $1.5 billion US.

But when the shares started trading on the Nasdaq on Thursday afternoon, investors quickly bid up the price of the shares to $72, almost three times the IPO pricing. The first trades came in at around $46 per share before rising steadily through the day. By the end of the day, the shares had closed at $65.75, up 163 per cent.
Growing sales, but not profits

The 10-year-old company has attracted celebrity investors such as Microsoft co-founder Bill Gates and actor Leonardo DiCaprio, as well as buzz for placing its products in burger joints like Carl's Jr. It sells to 30,000 grocery stores, restaurants and schools in the U.S., Canada, Italy, the United Kingdom and Israel.

The IPO comes amid growing consumer interest in plant-based foods for their presumed health and environmental benefits. U.S. sales of plant-based meats jumped 42 per cent between March 2016 and March 2019 to a total of $888 million, according to Nielsen. Traditional meat sales rose by one per cent to $85 billion in that same time frame.

New food guide set to challenge prominence of meat, dairy industries

The trend is a global one. Sales of meat alternatives in the U.K. jumped by 18 per cent over the last year, while sales of traditional meat and poultry slid by two per cent.

Even Burger King has recognized the appeal. Earlier this week, the fast food chain announced it would start testing the Impossible Whopper, made with a plant-based burger from Impossible Foods, in additional markets after its month-long test in St. Louis proved successful.

Brown says the fact that Beyond Meat uses only natural ingredients that haven't been genetically modified, and that it doesn't use soy, sets it apart from competitors. Its products are made from pea protein, canola oil, potato starch and other plant-based ingredients. Its burgers "bleed" with beet juice; its sausages are coloured with fruit juice.
Grocery store expansion

Unlike competitors, Beyond Meat products have been available in the meat sections of grocery stores since 2016, thus broadening their appeal beyond vegetarians. Beyond Meat says a 26-week study last spring showed that 93 per cent of Kroger customers who bought its burgers also bought animal meat during the same period.

Health comparisons are mixed. A four-ounce burger from Laura's Lean Beef that's 92 per cent lean has more fat and cholesterol than a Beyond Meat burger, but the latter has more sodium and carbohydrates and slightly less protein. The lean beef burger has 160 calories, while a Beyond Meat burger has 270.

How to eat healthy — and on budget — despite soaring food costs

Brown says Beyond Meat is working to reduce sodium, which is a natural byproduct of its manufacturing process. But he also says red meat and processed meat have been classified as possible carcinogens by the World Health Organization.

Beyond Meat also costs more than real beef. Two four-ounce patties of Beyond Burger sell for $7.99 at Canadian grocery stores.
Beyond Meat's signature hamburger is now available in Canadian grocery stores. (Beyond Meat)

Brown said Beyond Meat has a five-year goal of getting at least one product — most likely beef — to cost less than the animal version. He expects the supply chain will grow as sales expand, which will lower the cost of raw ingredients like peas.

But Beyond Meat touts environmental benefits, as well. The company says a plant-based burger tak

بواسطة : ahmed
 0  0  46
التعليقات ( 0 )

جميع الأوقات بتوقيت جرينتش +3 ساعات. الوقت الآن هو 06:13 مساءً الجمعة 24 مايو 2019.