afternoon, with quarter XXXX Good We results. Thanks, Seth. record everyone. entered fourth and financial annual
Looking operational set we back the exceeded year. sales at expectations the for financial XXXX, and we
increasing among benefits the meats. based consumers of around reflects Performance plant awareness rapidly
Our continued our that equivalents closing our investment between expansion. scale organizations in new products the of we and of growth and turn gaps protein animal to levels
We compared achieve of net XXXX, an XXX% XXXX. revenues of $XXX increase million in to
in over and and restaurant in XX,XXX outlets, worldwide, scratching products Our XX the now majority available we’re these over countries geographies of and service surface retail food the only vast that in
data share. In growth the ended U.S. times contributing while specialty total velocity to XXX the the XX, faster, increase to for the December U.S. largest we SPINS competitive for multi-outlet, of XXX%, natural, category brand period period. XXXX, retail, growing same According market generated an channels in point in during XX strong basis XX-week
recently, that locations wide share XXX% with pleased margin. best-selling the have we’re owned all full Burger four our XXXX, And United a all velocity across distribution More Beyond growth all the December to States. in period plant we the ended of Costco brands the meat based the of Meat Beyond by XX-week XX, now and with skews
on consumer and towards highest occurred artificial product category GMO and ingredients and to quality complacent, products and believe constant upstarts a headlines sold their In and standards growth the rapid made retail a and the being record with we and next continues avoiding to to way listening entering This and improvement of resonate. our connecting that ours. incumbents focus
retail are globally. availability We expanding
T&Y France Beyond This Hayes, likes can For consumers and by Jambo, the other grocery supermarket chains, XXX in the France the follows the distribution serve example, European of group, in retail cart. our Co-up of across including Migros quick casino add to started Beyond knocking Stake stores products we rollout and Burger so [ph]. such Metro, launch Heijn at retail French are now English, own enjoying the who across Shakes Tesco, [inaudible], by Sausage in XXXX as and successful Ecourtis shopping Albert them restaurants Del
Loblaws, recently, U.S. across the like including Canada sell our full the Metro, distribution with all to in Sobeys, Beyond Meat became at Burger and distribution market Whole Beyond first a international And are in Foods Walmart. Costco we product major line In stores. with now Canada, retailers all
In we of with outstanding expanding based brand for of announcing distribution restaurant new year-over-year. the it XXX% quarter According Beyond brand service, Food growth, fastest is completed not sales meat data quarter the Service, partners. relationships fourth Meat to serve the [ph] in plant XXXX, up sales quick with NPDs food is dollar also or another U.S. largest growing only and
We with we with items Sausage new including for the Jr. introduction Egg menu Beyond Cheeseburger, Los Cheese to the we a Burrito, on of Sandwich Biscuits. the Sauces three BBQ During Carl’s expanded our relationship items with Beyond the Burger Beyond Beyond our the X,XXX new offering We the Beyond market. more quarter, in across partnership launched the announced than making and Sausage menu Duncan nationwide. available Dunkin the Denny’s stores the Hardee’s the partnership expanded Angeles Beyond chain And
test XX and in Ontario. to Beyond nationwide and locations momentum Bowl at locations in Beyond test North food in Our A in Chicken Fried Canada limited Kentucky Fried XXXX. across Southwestern of time time Chicken Subway continues McDonald’s service new expansion Carolina offer statistic We see restaurants Nashville, Tennessee. nearly limited our now Meat Charlotte, at
locations and around the new Beyond We partnership Sandwich announced partnership a permanent locations throughout added Cheddar expanded Most the Starbucks we Canada, nationwide Meat, the Canada and a menu Papa and we to across as item Spain. Denny’s with U.S. over Sauces John’s our Beyond with recently, XX Egg nationwide. in
sustainability to proud consumer shared bodies success what eat and our the where love animal of and grateful believe love, in We’re strongly to games. serve commitment customers it, you to achieving our welfare and health, each that while our you
also to engine, to to ingredients. and the technology collaboration meat be from highlight an plants, core, innovation artificial the I’d using avoiding moment to it with as source strive take our At parts GMO achievements KFC. like we our to core a of team’s directly relates
Beyond protein the to We we animal you foster their innovation protein equivalents. can products improve relentless our program, constantly and indistinguishable push this from so rapid Meat platforms, our make culture,
the focused results a Georgia architecture on we of But with product one from the chicken structure fibrous example, muscle introducing Atlanta, August. breast. day more strong better of we were For capsule in remain KFC to test in proud of the
patients We’re at of shared production spirit scale. thankful vision, this achieve required to to KFC improvement for and partnership the
a from the you have exhausting hurdle amounts [inaudible] of of other around way, doing become days and saying hard things the the and added complexity, they considerations. They the did would to
We We other products Beyond our platform. there look structure, along believe to results. launch muscle to forward Fried commitment this beef, curve us across that of latest Chicken, pork now with more and poultry continuing taken innovation which and the and superior reflects to this process give get the
only the we ability the by innovation of is speed Unlike invest animal choices can to pace it which is willingness catch our research governed of that And at to the and other largely [inaudible]. we incumbent chase, stories the our make right our the static.
one call, time growth this If it is perspective right the look I for on a part is try and Meat. won’t this Beyond now I of in to can following,
and Looking at case be our a the argue right this they always would could been to past, one point.
moment. this work. comes clear by doing want about day growing a different to that are number consumers It something There’s we what the of
with We the advantage. mover leading be first and the sector to that all accompany are benefits fortunate challenges
greenhouse action an and of the high and to athletes gas intertwined mind. to me in Movement also ancient to school understanding recovery increasing they ways pork The Asia, plant of more brand. to increasingly our returning medicine, world movement. is number rapidly as food, more reduction, performance, emission the with protest World Systemic turning based with improve eating regard community of Class all this see is and members in and to to come medical changing propel disruption kids hippocratic
on with and build hope scale a our shareholders are long-term value We in order believing and to global us size. aligned
even comes markets, the margin Our on customers, innovation and offerings expansion. near-term of profit this and aggressive growth turning expense and geographies and focus capabilities, consumer infrastructure production if growth, engagement, be today product should at
gain is economically these serve. the gain capacity traction we to it and to to in as production and we global markets, communities key geographies participate our Along that lines, intention in efficiencies, add
facility In the we will end our a in crops this the speed get a customers of by and as to Beyond Europe Europe facility quarter. East. Quebec, States. partners can Europe, [ph] the the with which addition and we and Middle new we in market, localized Zandbergen in open increase expect and Canadian and production sourcing co-packing grow opened United This co-manufacturing Meat’s by from to Netherlands more our operated continue availability to protein Similarly, Canada to across products we
coronavirus We region continue important Asia. at believe resolution Asia with of we merits of of partners the in some urgency of sense models the magnitude the before apply to of level The opening with we that in new goal in of core opportunity business. price the a Finally, distribution end producing that in unprecedent the an to are with the introduce consistent significant our provides focus we crisis, meat. elsewhere XXXX. on Asia production And active for investment,
I incumbent advertisements funded challenge process. now groups, and to to may subject and want specifically, ingredients employ and have process our digital seen newsprint we the turn our for ingredients TV, you many of and competition our we use, plant of meats. the the production by industry based
an relationship want providers. nor animal seek adversarial neither protein with We
not opportunity that I brings we noted change, the truly for families are the supply many and with agricultural and technologies, within farmer. chain. Like though doing respect the changes rich previously, to As the back innovation great have agricultural backbone what are many, bring there believe that the we passion in communities, new all for we we
meat industry within economies rent current I rural the unfortunate positive become hope of reverse day economic zero our work clear. our and storyline. grows, sum, should overshadow based will As impact plant this one
confusion can and targeting then, Until the the result will brand process. see campaigns meats, based of that profile our industry our of plant our because funded you raise from ingredients
a that being believe proud process in our or ingredients liability are important and both represent We of strengths. far from
gives needing exclude shared recommend in that previous us which reduce and may I that that about our or about. which opportunity have needs good As calls, concern we include the building believe products earnings is plants consumers to
It is within plant modifying or genetically needed using without that this all do is is artificial our We already. view ingredients. that plants kingdom the
XXXX, and print digital If on information coming helping you informed us decisions. of you’re tell with our balance and in the story willing they content enough, for iterate make and to will process months, purchasing long ingredients look media consumers to see the across have need and the
about across length our word applied on focus spoke a our and products Finally, health. at in we We and beef, flavor, and appearance texture. the pork, poultry pace aroma, improving platforms
health. in leader to be sector a We’ve been based our on less meat local efforts with the to plant regard
continue are addition our In two with the to visibility inputs natural area we work in actions. important to and and health raising all plant research this of based deliver qualify new advantages,
lasting the are an ensure will and changes that One, board to are only better research Two, ingredients. the wide the supply. the that in advisory choices joining we partnership founded reviewed latest development also product a access on an our of health we help America, will Healthier bring health, and we not peer organization research consumer healthy health system and to food of experts initiatives medicine our These for thinking have in increase and to leading nutrition understand benefits lines. the inform creating
on expansion. In closing, and focus we begin growth XXXX
our across presence food and our in and a grateful quick are service partners. serve of business to be number We increasing leading of skews velocities. number retail retail restaurant We with stores, our growing
attributes in science research may technology and pursuing cost active. progress longer platforms pork our change poultry and development investing across to product support that be advanced across beef, sensory, nutritional We’re term to while step and
operations, States, and United growing a team sales, talent our the and organizational partners marketing, Innovation. across Quality and Canada, In with we production Europe are infrastructure are new starting
In blocks plant global and tomorrow. establishing the short, necessary become remain based we envision protein to today on company building focused for
detail. call the Nelson, turn now us results walk through our quarter to Financial like will Chief to in I’d over four Mark Officer