Beyond Meat says it can fill supply gaps for meatless burgers
June 7, 2019
Beyond Meat CEO Ethan Brown has said that his company has the production capacity to fill orders for plant-based meat alternatives from any restaurant chain. There have been reports that rival Impossible Foods has been unable to keep up with demand as orders for meatless burgers has increased. Beyond Meat’s shares jumped 23 percent in after-hours trading yesterday after it reported a 215 percent increase in sales year-over-year.
Recent News
Tesla Recalls Cybertruck Due to Stuck Accelerator Pedal
Tesla is recalling almost 4,000 Cybertrucks due to a sticking accelerator pedal. The problem stems from an unauthorized lubricant used during assembly, which reduces the pad’s grip on the pedal.
Trader Joe’s Recalls Organic Basil Product Linked to Salmonella Outbreak
The company’s Infinite Herbs Organic Basil product is recalled due to a possible salmonella contamination.
Procter & Gamble Reports Mixed Results After Price Hikes
Procter & Gamble’s recent quarterly results showed a mix of gains and setbacks. Despite facing challenges in attracting shoppers due to increased prices over the past two years, the company managed to exceed earnings expectations.
JetBlue and Southwest Airlines Collision Narrowly Avoided at Reagan National Airport
An air traffic controller instructed one plane to cross the runway at the same time a second plane was taking off.