Starbucks is finally bringing plant-based meats to U.S. stores after serving the products in other global markets. This follows the company's move toward plant-based milks and other actions to promote sustainability.
Just a few days after Impossible Foods launched direct-to-customer sales of bulk Impossible Burger packages, the plant-based meat company has found yet another outlet -- this time, the Habit Burger Grill, owned by (NYSE:YUM).
Beyond Meat reported first quarter 2020 results earlier this month that delighted investors. The leading maker of plant-based meat substitutes grew revenue 141% year over year to $97.1 million and turned in earnings per share (EPS) of $0.03, up from a loss of $0.
Beyond Meat's stock is on a tear. Shares of the plant-based meat alternatives producer are up a sizzling 82% over the past month -- and one analyst firm expects the stock to rise another 36% in the months ahead.
Beyond Meat stock was sizzling after the company reported its Q1 of fiscal 2020 after the market closed on Tuesday. For the quarter, the alt-protein food producer booked net revenue of $97.1 million, 141% higher than in the same period of 2019.