Beyond Meat teams up with Pizza Hut to trial Beyond Pepperoni Pizza in 70 US locations

Pizza Hut’s new Beyond Pepperoni Pizza delivers the same iconic taste as our original pepperoni that fans know and love​,” said Georgeanne Erickson, chief brand officer at Pizza Hut.

We know there is strong consumer demand for pepperoni, and we’re thrilled to unveil a game-changing plant-based pepperoni topping as the next chapter in our innovation-focused partnership with Pizza Hut​,” said Dariush Ajami, chief innovation officer at Beyond Meat, which announced​​​​ global partnerships with McDonald’s, and Pizza Hut’s parent company Yum! Brands (KFC, Taco Bell, Pizza Hut) in February.

The Beyond Pepperoni Pizza will be on trial for a limited time in five cities: Albany, New York; Columbus and Macon, Georgia; Houston, Texas; and Jacksonville, Florida, said Beyond Meat, which offers plant-based toppings to Pizza Hut in several other markets including the UK, Canada, Puerto Rico, and Belgium.

Q2 results: Net revenues +31.8% to $149.4m, net loss $19.7m​

Beyond Meat posted a 31.8% year-in-year increase in net revenues to $149.4m in the second quarter (ended July 3) and a net loss of $19.7m, with a recovery in the foodservice business (+218.3% to $43.7m) bolstering more modest growth in retail (+6.2% to $105.7m) as the firm lapped the panic-buying period of 2020, said Brown.

The company is predicting a drop in revenues in the third quarter ($120-140m) vs the second quarter ($149.4m) reflecting some recent distribution losses in foodservice, labor issues at some partners, and uncertainty as the Delta variant of COVID-19 spreads.

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