Beyond Meat Jumps Again as German Chain Lidl Sells out of Burgers
Investing.com - Customers in Europe just can’t get enough of Beyond Meat (NASDAQ:BYND).
Shares of the maker of vegetable-based meat substitutes rose 6.7% in midday trade Wednesday after reports that German retailer Lidl has sold out just one day after stocking its vegan burgers.
Social media posts recounted trips of shoppers to three or four different stores to secure a burger, Focus Money reported.
Beyond Meat climbed 10% in the prior trading session after it announced it would make its products available in the Netherlands as part of a partnership with Zandbergen World’s Finest Meat.
Shares are back above $90, close to all-time highs, after it debuted on Wall Street at $45 per share.
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