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Why Beyond Meat Stock Is 5% Higher Today

·1-min read
Why Beyond Meat Stock Is 5% Higher Today

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.

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