A&W Canada Sells 90,000 Beyond Burgers in 72 Hours
Fast-food chain A&W Canada sold more than 90,000 Beyond Burgers within the first three days after launching the vegan-friendly menu item to its 925 locations in July, according to new statistics released by Beyond Meat. The California-based vegan brand recently submitted an updated prospectus with NASDAQ as part of its filing for an Initial Public Offering (IPO) which revealed promising data. According to the filing, Beyond Meat has experienced unprecedented growth, with its net revenues increasing at a compounded annual growth rate of 133 percent from $16.2 million in 2016 to a whopping $87.9 million in 2018. “The success of our breakthrough innovation model and products has allowed us to appeal to a broad range of consumers, including those who typically eat animal-based meats, positioning us to compete directly in the $1.4-trillion global meat industry,” the company stated in the updated prospectus. Following the success of the Beyond Burger, on March 11, A&W Canada added a vegan-friendly Beyond Meat Sausage & Veggie option to its menu. In addition to continuing to partner with large chains, most recently Carl’s Jr., Beyond Meat is innovating its retail sector with Beyond Beef set to debut in the meat department at retailers nationwide this year.