Beyond Meat's distribution map shows why investors are eating up the stock
Beyond Meat ($NASDAQ:BYND) saw its stock price double since its pre-market IPO, as investors are clamoring for a slice of the meat-alternative company. Why is this the case? Besides the sustainability and environmental impacts that meat alternatives have, Beyond Meat's distribution network blankets the world like a Memorial Day smorgasboard covers a full grill. In other words, it's set up for massive scale.
According to its public facing distribution records, Beyond Meat products are located in 22,652 individual markets, supermarkets, retail stores, and chain restaurants in 31 different countries.
The majority of places that carry Beyond Meat products are in North America, specifically in the United States. After Canada, Australia, the Netherlands, and the United Kingdom round out the top five countries with the biggest Beyond Meat distribution networks, and on the other end of the spectrum, eight countries ranging from Ireland to the Phillipines have only one place to buy packaged products.
The company is also positionsed to scale via deals with some of the world's biggest supermarket chains and fast food restaurants. Walmart ($NYSE:WMT) stocks Beyond Meat products in 2,207 of its Supercenters, Publix ($OTC:PUSH) sells it in over 1,000, and Carl's Jr ($CKERESTAURANTS) is rolling out a Beyond Meat burger to hundreds of its stores.
Beyond Meat has grown substantially since it became available in the United States in 2013. Even just looking at where one could buy Beyond Meat products in the limited time we've been tracking this data shows how much it has become a household name in being a protein alternative. Where does it go from here? We're not certain, but the data shows that it's going beyond expectations for anyone thinking a plant-based burger couldn't be as successful as the "real thing."