Beyond Meat’s Path to $1 Billion Relies on Restaurants, UBS Says

For Beyond Meat to reach $1 billion in food service revenues it would need to add about 120,000 new outlets at current levels, according to UBS analyst Steven Strycula.

Beyond Meat’s revenue mix is currently split evenly between retail and food service with about 23,000 food service outlets generating roughly $7,000 of annualized sales each in the third quarter, Strycula writes.