Shares of Beyond Meat (NASDAQ: BYND) were rising 5% in morning trading on Monday after reports surfaced that the plant-based meat alternative company was expanding its product selection in Australia. What seems to have everyone excited is that Beyond Meat is introducing its plant-based meatballs in Coles, the second largest supermarket chain in Australia with over 2,500 stores. In its first-quarter earnings conference call last month, CEO Ethan Brown said Australia was one of a number of countries in which it had secured distribution gains.
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting