Beyond Meat Launches Beyond Breakfast Sausage, Shows Q1 Increased Revenue

Plant-based meat company Beyond Meat showcased its latest product, Beyond Breakfast Sausage, a new plant-based breakfast sausage featuring 11 grams of protein per serving with 50% less total fat, 35% less saturated fat and sodium and 33% fewer calories than a leading brand of pork sausage patties. The product is made without GMOs, soy, gluten, or artificially produced ingredients.

“Our Beyond Breakfast Sausage platform delivers on our promise of enabling consumers to Eat What You Love™ while advancing health, environmental, and animal welfare benefits. It has seen early success at some of the most popular and iconic quick-service restaurants and we are excited to introduce the first extension of the platform in retail. It’s been a staple in my own household and I’m glad that families can now enjoy this delicious breakfast option at home while feeling great about nutritional wins like 50% less total fat, 35% less saturated fat and sodium and no cholesterol compared to a leading brand of pork sausage,” Ethan Brown, Beyond Meat founder and CEO said.

Beyond Breakfast Sausage has been available since April at select retailers including ACME, Albertsons, Key Foods, Kings, Pavilions, Raley’s, ShopRite, Vons, Wegmans, and Whole Foods Market with an MSRP of USD4.99 for six patties.

Beyond Meat’s financial results for Q1 showed net revenues of USD97.1m, an impressive increase of 141% compared to the year-ago period. Gross profit was USD37.7m, or 38.8% of net revenues, while the net income was USD1.8m, or USD0.03 per common diluted share, compared to a net loss of USD6.6m, or USD0.95 per common share, in the year-ago period.

Beyond Meat discontinued its frozen chicken strip product in the first quarter of 2019. Gross revenues from sales of products in the company’s frozen platform were 5.5% of gross revenues in the year ended December 31, 2019, as compared to 16.3% of gross revenues in the year ended December 31, 2018.

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