Year-Over-Year Revenues on the RISE for THESE 4 Faux-Meat, Plant-Based Protein Stocks March 03, 2022 - Baystreet.ca According to Bloomberg Intelligence the plant-based protein market is set to explode to $162 billion by 2030. However, at a macro level, there’s been some setbacks on sales in the sector, as the fad foods have seemingly lost some of their sizzle. That hasn’t stopped all of the plant-based protein developers, who have continued to report respectable growth, including these 4 Stocks: Beyond Meat (NASDAQ:BYND), Oatly Group AB (NASDAQ:OTLY), Tattooed Chef, Inc. (NASDAQ:TTCF) and The Very Good Food Company. (NASDAQ:VGFC) (TSXV:VERY). Beyond Meat (NASDAQ:BYND) Growth for leading industry player Beyond Meat rose according to the company’s Q3 2021 financial results, however, not at the levels of some of sector’s newcomers. Beyond Meat reported its net revenues increased 13% year-over-year, while their international net revenues increased 143% year-over-year, partially offset by decreased US net revenues. "Whether scaling products and infrastructure for our strategic quick serve restaurant partners, bringing new product to retail markets, or investing in innovation, commercialization, and production capabilities here in the U.S., EU, and China, we believe we are steadily executing against our vision of being tomorrow’s global protein company,” said Beyond Meat President and CEO Ethan Brown. “As we continue to advance the field of plant-based meat through innovation and bold investment in domestic and global operations, the consumer is only being made more aware of the relevance and urgency of our mission." Oatly Group AB (NASDAQ:OTLY) Oatly saw record quarterly revenue in Q3 2021, with an increase of 49% year-over-year. For the month of October, the company also reached an all-time high in production output, as it continues to scale production across three continents. “Global consumer demand for our products continues to be strong and grow as we expand production and increasingly scale our operations,” says Toni Petersson, Oatly’s CEO. “We’re pleased with our ability to continue to be a leader in driving growth and sales velocity for the plant-based milk category within our key markets.” Tattooed Chef, Inc. (NASDAQ:TTCF) Tattooed Chef saw its revenue rise 44% year-over-year in Q3 2021, as well as a 56% increase in its branded revenue in that same time frame. “We are pleased with our third quarter results with record revenue driven by our Tattooed Chef branded products,” said Sam Galletti, President and CEO of Tattooed Chef. “Tattooed Chef is now a top 10 brand across the club, grocery and mass channels in the categories in which we compete. Our branded products are now in over 13,000 stores nationwide as we have executed on our plan to diversify both channel and customer mix. Looking ahead, we believe we are well positioned to execute on our growth strategy with tremendous momentum entering 2022 and beyond.” The Very Good Food Company. (NASDAQ:VGFC) (TSXV:VERY) VERY GOOD has also seen record revenues and growth. According to the company’s Q3 2021 financial results, year over year VGFC saw its revenue increase 184% and its production units sold increase 154%, and fulfilled eCommerce orders increase by 142%. "VERY GOOD delivered another strong quarter, achieving solid year-over-year growth across our eCommerce and wholesale channels, driven by strategic execution and demand for plant-based food products," said Mitchell Scott, co-founder and CEO of VERY GOOD. "We launched successfully into the US retail market, strategically shifting our focus towards growing retail orders over eCommerce, securing long-term in store listings, driving higher units sold, and ultimately delivering 86% wholesale revenue growth since last quarter."
Year-Over-Year Revenues on the RISE for THESE 4 Faux-Meat, Plant-Based Protein Stocks March 03, 2022 - Baystreet.ca According to Bloomberg Intelligence the plant-based protein market is set to explode to $162 billion by 2030. However, at a macro level, there’s been some setbacks on sales in the sector, as the fad foods have seemingly lost some of their sizzle. That hasn’t stopped all of the plant-based protein developers, who have continued to report respectable growth, including these 4 Stocks: Beyond Meat (NASDAQ:BYND), Oatly Group AB (NASDAQ:OTLY), Tattooed Chef, Inc. (NASDAQ:TTCF) and The Very Good Food Company. (NASDAQ:VGFC) (TSXV:VERY). Beyond Meat (NASDAQ:BYND) Growth for leading industry player Beyond Meat rose according to the company’s Q3 2021 financial results, however, not at the levels of some of sector’s newcomers. Beyond Meat reported its net revenues increased 13% year-over-year, while their international net revenues increased 143% year-over-year, partially offset by decreased US net revenues. "Whether scaling products and infrastructure for our strategic quick serve restaurant partners, bringing new product to retail markets, or investing in innovation, commercialization, and production capabilities here in the U.S., EU, and China, we believe we are steadily executing against our vision of being tomorrow’s global protein company,” said Beyond Meat President and CEO Ethan Brown. “As we continue to advance the field of plant-based meat through innovation and bold investment in domestic and global operations, the consumer is only being made more aware of the relevance and urgency of our mission." Oatly Group AB (NASDAQ:OTLY) Oatly saw record quarterly revenue in Q3 2021, with an increase of 49% year-over-year. For the month of October, the company also reached an all-time high in production output, as it continues to scale production across three continents. “Global consumer demand for our products continues to be strong and grow as we expand production and increasingly scale our operations,” says Toni Petersson, Oatly’s CEO. “We’re pleased with our ability to continue to be a leader in driving growth and sales velocity for the plant-based milk category within our key markets.” Tattooed Chef, Inc. (NASDAQ:TTCF) Tattooed Chef saw its revenue rise 44% year-over-year in Q3 2021, as well as a 56% increase in its branded revenue in that same time frame. “We are pleased with our third quarter results with record revenue driven by our Tattooed Chef branded products,” said Sam Galletti, President and CEO of Tattooed Chef. “Tattooed Chef is now a top 10 brand across the club, grocery and mass channels in the categories in which we compete. Our branded products are now in over 13,000 stores nationwide as we have executed on our plan to diversify both channel and customer mix. Looking ahead, we believe we are well positioned to execute on our growth strategy with tremendous momentum entering 2022 and beyond.” The Very Good Food Company. (NASDAQ:VGFC) (TSXV:VERY) VERY GOOD has also seen record revenues and growth. According to the company’s Q3 2021 financial results, year over year VGFC saw its revenue increase 184% and its production units sold increase 154%, and fulfilled eCommerce orders increase by 142%. "VERY GOOD delivered another strong quarter, achieving solid year-over-year growth across our eCommerce and wholesale channels, driven by strategic execution and demand for plant-based food products," said Mitchell Scott, co-founder and CEO of VERY GOOD. "We launched successfully into the US retail market, strategically shifting our focus towards growing retail orders over eCommerce, securing long-term in store listings, driving higher units sold, and ultimately delivering 86% wholesale revenue growth since last quarter."