Impossible Foods, which makes soy-based burgers and sausage, said Tuesday it’s accelerating its retail sales after seeing a falloff in sales to restaurants. “I think we have snuck in at just the right time,” Beyond Meat President and CEO Ethan Brown said. The company said its first-quarter revenue jumped 141% to $97 million, partly because consumers stocked up ahead of lockdowns in March. El Segundo, California-based Beyond Meat said Tuesday it will be offering lower-cost value packs over the next few weeks to encourage companies to try its burgers. Makers of alternative proteins say they can help fill the void. “It’s very difficult to speculate on how challenges to the food supply will evolve in the coming weeks, but we are doing our best to maximize our production to meet demand,” the company said in a statement. Meat producer Tyson Foods said it’s working hard to get its plants back up safely. McDonald’s said last week it has seen no supply interruptions because it uses a wide variety of suppliers.
Some companies - including Target and McDonald’s - have no restrictions in place. But it was noticeably better stocked on beef and pork. “You have to limit the supply so everyone can get some and it’s fair.”Ī few hundred yards away at Publix Super Markets on Tuesday afternoon, the store was limiting shoppers to two packages of chicken and was running low. “Ultimately, you had to see it was coming to this,” Livingston said. Marie Livingston left the store with beef stew meat and some other cuts. On Tuesday afternoon, a Kroger store in suburban Atlanta was limiting purchases to two packages of chicken, two packages of pork or three packages of ground beef at a time. Louis Park Tuesday morning, one day after the retailer started limiting fresh meat purchases to three items per customer. “There is plenty of protein in the supply chain,” Kroger said in a statement.Įmpty and underfilled coolers greeted shoppers in the meat department at the Costco in the Minneapolis suburb of St.
Kroger Co., which also owns Ralphs and Harris Teeter markets, said it wants to ensure buyers have a broad assortment. The company said it’s trying to limit disruptions to its supplies.Ĭostco, Sam’s Club, Hy-Vee and Kroger are limiting purchases of meat to avoid panic buying. Wendy’s responded that some menu items may be temporarily limited, but it continues to supply its restaurants with beef two to three times a week. Stephens analyst James Rutherford said some states, like Ohio, Michigan and New York, seemed to be impacted more than others.
Just over 1,000 Wendy’s restaurants - or nearly 20% - had no beef items available on their online menus Monday night, according to an analysis by Stephens Inc., an investment bank. Poultry production has also been impacted but to a lesser degree.
#Beyond sausage costco full#
But until they’re back at full capacity, consumers will likely see some shortages and higher prices for beef and pork, Lusk said. Some meatpacking plants are coming back online after President Donald Trump issued an executive order last week requiring them to stay open. beef and pork processing capacity was down 40% from last year, according to Jayson Lusk, head of the department of agricultural economics at Purdue University. Fake meat companies, meanwhile, are making their moves to capture some of those lost sales.īeyond Meat, which makes burgers and sausage from pea protein, said Tuesday it’s launching new value packs to entice consumers while rival Impossible Foods is expanding sales to more than 1,700 Kroger groceries.Īs of Monday, U.S. That has led to meat shortages, with Wendy’s pulling some burgers off its menus and Costco limiting meat sales. production plants have been temporarily shuttered in the last two weeks after hundreds of workers were sickened by the virus. The effects of the coronavirus pandemic have moved beyond meat processing plants and are now hitting dinner plates.
0 kommentar(er)
