Beyond Meat Gains on Plans to Take Meatless Chicken Tenders to Grocers © Reuters
By Dhirendra Tripathi
Investing.com – Beyond Meat stock (NASDAQ:BYND) rose almost 2% on Monday as the company said its meatless chicken tenders will be available at grocery stores starting next month.
Beyond Chicken Tenders will be available at select stores of Walmart (NYSE:WMT), Jewel-Osco, Safeway NorCal, Harris Teeter, Giant Foods and ShopRite stores with more availability expected to be added later this year, the company said.
The company unveiled the newest version of its plant-based chicken in July. Panda Express used it as part of its meat-free orange chicken in select markets, while more than 1,000 A&W stores in Canada also sold its Beyond Meat Nuggets.
The Beyond Chicken Tenders will be sold for $4.99 a package.
Beyond Meat said it is also increasing its retail distribution of other Beyond Meat products at Walmart stores in which its products are currently sold, making this the third such expansion this year alone.
The company said the protein in Beyond Chicken Tenders is derived from the faba bean, a nutrient-packed legume.