Market Pulse Archives

July 9, 2020, 11:07 a.m. EDT

Kroger rings up 75% higher sales of plant-based meat from March to June

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Kroger Co. (KR)
  • X
    Beyond Meat Inc. (BYND)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tonya Garcia

Kroger Co. /zigman2/quotes/206215053/composite KR +0.60% said Thursday that it rang up 75% higher sales for plant-based meat between the months of March and June 2020. Customer count for these items during the period rose by half. The data accompanied the results of a study conducted by the grocer and the Plant Based Foods Association that found plant-based meat sales grew 23% when these items were placed in the meat department. Kroger sells plant-based meat products under its Simple Truth private label, and other plant-based brands like Beyond Meat Inc. /zigman2/quotes/211617595/composite BYND -0.81% have introduced new products or expanded distribution in 2020. Kroger stock has gained 12.3% for the year so far while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.06% is down 2.8%.

/zigman2/quotes/206215053/composite
US : U.S.: NYSE
$ 35.24
+0.21 +0.60%
Volume: 4.45M
Aug. 7, 2020 4:00p
P/E Ratio
13.38
Dividend Yield
2.04%
Market Cap
$27.41 billion
Rev. per Employee
$269,849
loading...
/zigman2/quotes/211617595/composite
US : U.S.: Nasdaq
$ 131.51
-1.07 -0.81%
Volume: 3.48M
Aug. 7, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$8.18 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,351.28
+2.12 +0.06%
Volume: 2.28B
Aug. 7, 2020 5:10p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.