HomeAbout

TL;DR CNBC


Beyond Meat to launch new steak alternative as it focuses on health - TL;DR CNBC

Beyond Meat to launch new steak alternative as it focuses on health

Publishing timestamp: 2024-09-05 08:43:23


Summary

Beyond Meat plans to launch whole-muscle steak alternative to revive sales by focusing on health benefits of plant-based diet, trimming ingredient lists, and partnering with health organizations and influencers. The company's market value has dropped significantly, reflecting concerns about the industry's struggling sales. Other companies in the plant-based meat industry are also facing challenges, with consumers losing interest and investors looking elsewhere.


Sentiment: MIXED

Tickers: PEPMCDKYUMBYND

Keywords: ethan brownyum! brands incunited statespepsico inc.business newsrestaurantsmcdonald's corpbusinessbeyond meat inckellogg coretail industrybreaking news: businesslifestylefood and drink

Source: https://www.cnbc.com/2024/09/04/beyond-meat-to-launch-new-steak-alternative-as-it-focuses-on-health.html


Developed by Leo Phan