In 2019 alternative meat company Beyond Meat debuted on the Nasdaq, with its share price soaring more than 160% on its first day of trading. Investors were excited about the growth trajectory of Beyond Meat, and its potential to be a major leader in the alternative meat space — which is likely to only grow in the future.
Beyond growth
Recently though Beyond Meat has seen its revenue grow modestly, if at all. Its most recent release showed revenue of $108m, which is up just 11% on last year — not quite the exciting 200%+ year-on-year growth that the company was delivering back in 2019.
Chicken tenders to the rescue?
This week Beyond Meat announced the release of its latest product: plant-based chicken tenders. Set to debut in up to 400 restaurants around the US, Beyond Meat will be hoping that the new product will spice things up for their customers taste buds, and their own sales.
