Beyond Meat, the plant-based meat company, is going public next week. The company sells burgers that contain no meat, but taste like they do. Its stated goal is to fix our food system. Its initial public offering (IPO) is the latest sign that alt-meat is going mainstream – and that’s a big deal.
It’s been a good few years for Beyond Meat. National chains including Del Taco, Carl’s Jr., and T.G.I. Friday’s have started carrying their products. They’ve also found their way onto grocery store shelves at Whole Foods, Kroger, and Target. In total, Beyond Meat says its products are available in more than 35,000 outlets, from hotels and college campuses to grocery stores and sports stadiums. Sales have been growing fast – last year the company reported revenues of $87.9 million, up from $32.6 million in 2017.
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