Beyond Meat (BYND) Announces Global Strategic Partnership with Yum! Brands to Offer Signature Plant-Based Menu Items
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February 25, 2021 4:10 PM EST
EL SEGUNDO, Calif., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) today announced a global strategic partnership with Yum! Brands (NYSE: YUM) to co-create and offer craveable and innovative plant-based protein menu items that can only be found at KFC, Pizza Hut and Taco Bell over the next several years. Beyond Meat® and Yum! Brands expect to leverage their industry-leading research and development capabilities to meet the evolving tastes of the consumers of today and tomorrow.
We are honored to enter into... More
February 25, 2021 4:10 PM EST
EL SEGUNDO, Calif., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) today announced the establishment of a three-year global strategic agreement with McDonalds Corporation. As part of the agreement, Beyond Meat® will be McDonalds preferred supplier for the patty in the McPlant®, a new plant-based burger being tested in select McDonalds markets globally. In addition, Beyond Meat and McDonalds will explore co-developing other plant-based menu items like plant-based options for chicken, pork and egg as part of McDonalds broader McPlant platform.
The agreement will bring... More
February 25, 2021 4:05 PM EST
EL SEGUNDO, Calif., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) (Beyond Meat or the Company), a leader in plant-based meat, today reported financial results for its fourth quarter and full year ended December 31, 2020.
Fourth Quarter 2020 Financial Highlights1
Net revenues were $101.9 million, an increase of 3.5% year-over-year.Gross profit was $25.4 million, or gross margin of 24.9% of net revenues; Adjusted gross profit was $29.1 million, or Adjusted gross margin of 28.5% of net revenues, reflecting exclusion of expenses attributable to COVID-19.Net loss was $25.1 million, or $0.40...
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