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Beyond Meat, Inc. is a producer of plant-based meat substitutes founded in 2009 by Ethan Brown. The company's initial products were launched in the United States in ...
Ethan Walden Brown (born 1971) is an American executive who is the founder, president and CEO of Beyond Meat. [1] Before founding Beyond Meat, Brown worked on alternative energy and electricity grid restructuring at the National Governors Association's Center for Best Practices before joining fuel cell manufacturer Ballard Power Systems.
After his wife reviewed a piece discussing Beyond Meat, a company that created meat substitutes, in 2012 Goldman invested in the company. [15] He became executive chairman of Beyond Meat in 2015 and worked part-time for Honest Tea in Bethesda, Maryland and part-time for Beyond Meat in Manhattan Beach, California. [10]
Today, Beyond Meat stock trades at $8.95 a share — well off its dizzying post-IPO heights. The company's market cap is $577.6 million compared to $18.46 billion for meat king Tyson ( TSN ), per ...
The Beyond Meat brand, founded in 2009 and entering the retail market in 2012, had a quick and early success—through big investors including Bill Gates, high-profile partnerships with outlets ...
Analysts expect Beyond Meat to report $66.7 million in sales for the fourth quarter of 2023, down 17.4% year over year. In last year's fourth quarter, Beyond Meat's sales dropped 20.6% year over year.
In 2016, Tyson Foods bought a 5% stake in the meat alternative company Beyond Meat, becoming the first major meat producer to invest in a meat alternative company. [46] [47] Tyson made an additional investment in Beyond Meat in 2017. [48]
For the six months ended June 24, Beyond's cash pile fell 24.4% to $144.8 million as the company battles to win market share from traditional meat. To right the ship, Beyond Meat has overhauled ...