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Beyond Breakfast Sausage Sizzles, as Does Beyond Meat’s Q1 Sales

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Beyond Breakfast Sausage is now available in the freezer sections of select retail grocery chains throughout the United States, among them Whole Foods Market, Sprouts, Wegmans, Raley’s, Hy-Vee and Giant Martin’s.

Distributed in 210-gram six-packs, the faux meat patties cook from frozen to finished in less than five minutes. Formulated to taste like pork breakfast sausage, the sage and black pepper-spiced product is made from plant-based inputs including peas, brown rice, and beets, without inclusion of GMOs, soy, gluten or artificially produced ingredients.

Compared to the leading brand of pork sausage patties, boasts the El Sugundo, California-based producer, Beyond Breakfast Sausage offers more protein and iron, with 11 grams of protein per serving. In addition, contains 50% less total fat, 35% less saturated fat and sodium, 33% fewer calories, and no cholesterol, nitrates, nitrites, antibiotics or hormones.

“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,” said Ethan Brown, founder and chief executive officer of Beyond Meat.

Martha Stewart has teamed up with Beyond Meat and embraced a plant-based diet.

To celebrate the rollout, the company has partnered with lifestyle expert Martha Stewart to create two tasty recipes with Beyond Breakfast Sausage:

Impressive Q1 Financial Results

Recently posting first quarter 2020 results for the period ending March 28, the company reported net revenues hit $97.1 million, an increase of 141% compared to $40.2 million in sales rung up during Q1 2019. Gross profit was $37.7 million, or 38.8% of net revenues, compared to gross profit of $10.8 million, or 26.8% of net revenues, in the year-ago period.

Net income was $1.8 million, or $0.03 per common diluted share, compared to net loss of $6.6 million, or $0.95 per common share in the first quarter of 2019. Adjusted EBITDA, which is a non-GAAP financial measure, was $12.7 million compared to $2.1 million in the year-ago period.

“I am proud of our first quarter financial results, which exceeded expectations despite an increasingly challenging operating environment due to the Covid-19 health crisis,” said Brown.

He added: “The health and safety of our employees and their families is our top priority and we have implemented a series of measures to minimize risks while supporting business continuity. Among other things, these include the creation of an internal task force to actively monitor new developments and maintain a constant dialog with health officials; implementation of various physical distancing and preventative hygienic protocols within our facilities; and increased frequency of our inventory reviews to ensure sufficient floor stocks of key inputs to mitigate against business disruption.”