Why Beyond Meat (BYND) Shares Are Trading Higher Tuesday

Beyond Meat, Inc. BYND shares are trading higher on Tuesday after the company announced the newest iteration of Beyond Sausage.

The Details:

Beyond Meat said its new Beyond Sausage tastes "even meatier" and features an enhanced flavor profile and new spice-blend that promises to taste similar to traditional pork sausage.

“Our next-generation Beyond Sausage reflects our commitment to relentlessly innovate until our products are indistinguishable from animal meat in taste, texture and flavor while being more nutritious and sustainable,” said Dariush Ajami, CIO at Beyond Meat.

The new version of the Beyond Sausage product arrives at the height of the summer grilling season and contains 40% less saturated fat than a leading brand of pork sausage.

The new Beyond Sausage will be available at more than 15,000 retail stores nationwide including Kroger, Albertsons, Ahold and Publix. 

Beyond Meat is an environmentally-conscious producer of plant-based meats.

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BYND Price Action: According to Benzinga Pro, Beyond Meat shares were trading higher by nearly 9% at $13.47 at the time of publication.

Photo: Courtesy of Beyond Meat