Beyond Meat to Sell Steak Substitute

Beyond Meat Inc., the plant-based food company struggling with a sales decline, is launching a steak substitute.

The steak product will be available at Walmart Inc. and Kroger Co. grocery stores as well as Albertsons Cos. and other retailers.

El Segundo, Calif.-based Beyond Meat sells meatless products, such as burgers and meatballs, in grocery stores and to restaurants.

Beyond Meat reduced its revenue outlook for the year and announced layoffs of about 20% of its workforce in...

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