Beyond Meat Inc (0Q3.HA) Aktuelle Nachrichten und Schlagzeilen zu Aktien – Yahoo Finanzen

Beyond Meat’s ‘Day Isn’t Over Yet’ in Transforming American Fast Food

Beyond Meat (BYND) CEO Ethan Brown joins Yahoo Finance Executive Editor Brian Sozzi to discuss his vision for the company’s future as it focuses on capturing market share and delivering quality products at a reasonable price. Brown explains that his vision for Beyond Meat is for it to become “a global protein company that can one day rival in size JBS (JBSAY) or Tyson (TSN) or these big animal proteins.” He emphasizes that the company is focused on social, health, and environmental factors, adding, “our best days are yet to come.” Beyond Meat has benefited from the movement away from animal meat in both the U.S. and Europe, which has garnered praise and endorsements from the health and nutrition communities. Brown specifically highlights how the brand’s nuggets and burgers are offered in McDonald’s (MCD) locations across Germany. While Brown sees more traction in Europe when it comes to fast food, he believes “our day is not over here in the U.S..” He tells Yahoo Finance: “One of the things that happened after we went public is a lot of companies came into the category, and they were less picky about the ingredients, less picky about the health benefits of their products. So now that those companies are gone and Beyond Meat continues to lead, I think we’re bringing consumers back.” He expects to see consolidation in the industry as many of Beyond Meat’s competitors start to run out of cash. Looking ahead, Brown says the company is focused on what matters most: the fundamentals. While the company is focused on cutting expenses, Brown says debt is “not something that keeps me up at night.” He continues: “What I’m focused on is continuing to develop the fundamentals of the business. I’ve become a lean converter. I’m very interested in lean management and lean principles, and that helps us take costs out of our structure.” “The promise we made when we entered the market is the promise we’re going to deliver on, which is that one day you’ll be able to get Beyond Meat at a price that’s lower than animal protein. Today, our job is to make sure consumers understand how healthy this is, how good it tastes. But over time, you’ll see us address pricing globally,” he adds. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl