Tag Archives: plantbased

Shares of Oatly (OTLY) may be down more than 88% since its IPO in 2021, but one analyst expects the plant-based beverage giant to see a turnaround in 2023. “From a company perspective, we think bearish sentiment has peaked, fundamentals have bottomed,” said Mizuho Analyst John Baumgartner. “In 2023, we expect supply chain acceleration, new distribution growth, acceleration in Asia from the improved COVID situation in China, as well as better commodity costs, and also an improving liquidity… Source link

Beyond Meat CEO Ethan Brown is taking a more muted near-term outlook on his business amid rising competition in plant-based meats and an inflation-zapped consumer trading down to cheaper proteins. “A shakeout does appear to be underway, and we expect more brands to either retreat or consolidate,” Brown told analysts on an earnings call late Wednesday. “A less cluttered playing field to [then] emerge in the mid-term.” A McDonald’s “PLT” burger with a Beyond Meat plant-based patty at one of 28… Source link

5 Ukraine’s Starlink systems are coming back onlineThe devices have suffered outages in the past few days, leaving soldiers without any way to communicate. (FT $)+ Odessa’s officials have removed Elon Musk’s picture from a billboard. (Motherboard)+ Russia’s train reliance is part of its problem during the war. (The Atlantic $) 6 The US midterms have a misinformation problemMultilingual fact-checking groups are stepping up to try to combat the falsehoods. (NYT $)+ Why midterm… Source link

Banza is the latest company to partner with Beyond Meat (BYND) to unveil a new menu offering, as alternative meat makes inroads in fast and comfort foods. On Tuesday, the food company known for chickpea-inspired creations like pasta, pizza, rice and mac & cheese, announced the release of a new, frozen vegetarian pizza option — but this one using plant-based Beyond Sausage Italian Crumbles. The new pizza is dubbed Banza Supreme.  The latest entry to the frozen food section is made with… Source link

The competition among purveyors of plant-based protein is heating up the fast food industry with a frenzy that resembles the increasingly hot chicken sandwich wars. On Thursday, McDonald’s (MCD) announced its plan to test its first ever plant-based burger, the McPlant, it created with Beyond Meat (BYND) in a strategic three-year partnership. For now, however, the Sept. 29 launch is limited to 10 restaurants in the United Kingdom and Ireland. On October 13th, it will expand to 250 locations… Source link

And who said fast-food innovation has peaked.  Beyond Meat (BYND) and Yum! Brands (YUM) said Tuesday they will debut a new pizza featuring plant-based pepperoni from Beyond Meat. The pizza will be available initially at 70 Pizza Hut locations, including Albany, N.Y.; Columbus and Macon Georgia; Houston, Texas; and Jacksonville, Fla.  The pepperoni pizza is the first creation under a new global partnership signed by Yum! Brands and Beyond Meat in February. Under the deal, the two companies… Source link

Move over, plant-based meat — the movement now has its eyes on creatures of the sea. One such company is Gathered Foods, which on July 19th came to market with plant-based seafood — including a fish-free filet and crab-free cake — as interest in alternative foods gathers steam.  The two offerings developed by subsidiary Good Catch are available at fast food chain Long John Silver’s for a limited time, in locations across California and Georgia. Meanwhile, the company also has a Source link