Strong demand for KFC's fried chicken has helped lift the price. On the other hand, shares of Yum have climbed 30% in the last year, bringing its market value to $40.3 billion.
The stock closed Tuesday down 5% at $61.62 and short sellers betting against the stock represent 37.2% of available shares, according to Factset.
In the last 12 months, shares have lost half their value, dragging the company's market value down to $3.9 billion. "They've helped us prepare for this and we brought in, I think, some of the top executives in the industry."īeyond Meat is looking to get its stock back on track. "We're continuing to grow the operations team they did a lot of work to help the team get ready in these final days," Brown said, adding the Yum tie-up has been years in the making. Beyond Meat will launch the vegan chicken tenders at select Walmart, Jewel-Osco, Safeway NorCal, Harris Teeter, Giant Foods, and ShopRite stores nationwide from October with additional availability expected later in the year. Adcock also spent 30 years at Tyson with a focus on operations and supply chain management. Those eager to get their hands on the plant-based tenders are in luck. Ramsey spent three decades at Tyson, overseeing its poultry and McDonald's businesses. In preparing for launches to come in the new year, Beyond Meat poached industry veterans from Tyson Foods for its C-suite in December, adding Doug Ramsey as chief operating officer and Bernie Adcock in a new role of chief supply chain officer. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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