More people are throwing plant-based burgers on the grill this summer. Sales far outpaced Wall Street’s forecast of $99 million, according to analysts polled by FactSet. Normally, Beyond Meat sells half its output to restaurants and food service, Beyond Meat President and CEO Ethan Brown said. The company had to make a rapid pivot when those sales cratered this spring due to coronavirus-related closures. Burgers and sausages that were packaged for food service were returned to factories and repackaged for consumers.

Source: International New York Times August 04, 2020 22:18 UTC