Impossible Foods cuts prices 20%, and Beyond Meat shares are dropping
February 02, 2021 at 12:26 PM EST
Shares of Beyond are down 7.5% after Impossible announced 20% reductions on patties (to $5.49) and 12-oz. packages (to $6.99) in thousands of stores such as Kroger Co., Walmart Inc., Publix Super Markets Inc., Safeway Inc., Sprouts Farmers Market Inc., Target Corp., Trader Joe’s, and others. Similar price cuts are planned in Canada, Singapore, and Hong Kong.
