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Sept. 29, 2020, 1:28 p.m. EDT

Beyond Meat stock jumps more than 10% after announcing Walmart expansion to more than 2,400 stores

Beyond Meat Inc. (NAS:BYND) stock jumped 10.6% in Tuesday trading after the plant-based meat company announced that the availability of the Beyond Burger is expanding to 2,400 Walmart Inc. (NYS:WMT) stores from 800 currently. The move follows the launch of Cookout Classic, a more affordable version of the Beyond Burger. Beyond Meat teased the expansion during its second-quarter earnings call, adding that Beyond Sausage would be heading to 2,200 stores. Beyond Meat products are now available at 112,000 retail and foodservice outlets in 85 countries. Beyond Meat stock has soared 121.2% for the year to date while the S&P 500 index (S&P:SPX) is up 3.3% for the period.

Link to MarketWatch's Slice.