Beyond Meat is gearing up for an IPO as more consumers develop a taste for its plant-based burgers. But investors entering the alternative-meat space may have better options via Breakingviews alpgomez
Cows are seen in the walkway to the milking parlor at Fair Oaks Farms in Fair Oaks, Indiana, November 4, 2013. Picture taken November 4, 2013. REUTERS/Jim Young
The 10-year-old company run by Ethan Brown is seeing sales of its legume-based burgers and sausages grow at an accelerating pace. Revenue grew 170 percent last year, to $87.9 million, up from a 101 percent expansion pace the previous year, and preliminary figures suggest growth hit roughly 200 percent in the first quarter of 2019.
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