q1 2020 just egg category slides · just - confidential - do not copy or distribute just egg...
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JUST - Confidential - Do not copy or distribute
Data & Analytics Foodservice
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JUST Egg Frittata outsold the egg equivalent by 25%• Since launch, JUST Egg velocity has grown 20% • 55% of customers are purchasing in the afternoon
Source: Operator, sales of conventional egg frittata during representative period
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Source: Reuters The Fiscal Times
There are many plant-based burgers, but only one JUST Egg
Each year, McDonald’s USA buys approximately 1 billion pounds of beef, and 2 billion eggs
Plant-based Burger Plant-based Egg
Awesome / Incredible (Nestle) JUST EggLightlifeImpossibleBeyondDr. Praeger’sGardeinMorningstar Farms
Plant-based options grow fast food sales
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Customers who go to Dunkin’ for the Beyond sausage sandwich spend twice the average ticket3
Higher ticket
Burger King sales growth driven by 24% increase in unique customers2
Incremental customers
Burger King 5% same store sales growth Q3 ’19; plant-based is a key sales driver1
1 Restaurant Business Online 2 Earnest Research 3 Market Watch
Sales growth
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JUST Egg #1 breakfast item at Gregory’s CoffeeCase Study: Gregory’s Coffee (30 location, New York-based coffee chain)
Performance • JUST Egg #1 breakfast item chain-wide • Accounts for 40% of all breakfast sandwich sales, outselling
conventional egg options including the popular “New Yorker” • Selling 2x spicy avocado toast, the former top selling breakfast item
Growth • JUST Egg sales didn’t cannibalize other items • Average check size increased
1. New sandwich sales to people formerly only ordering coffee 2. Price premium increasing average purchase price
• During recent World Vegan Day promo, JUST Egg sales increased 10x while high traffic stores sold out by noon
Customers • JUST Egg customers are loyal – while sales of other items fluctuate based on traffic, JUST Egg sales are consistent and growing
• Customers skew toward millennials, health & wellness focused; 51% female, 49% male
Source: ERP Data & Management interview conducted Jan 2020
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JUST Egg helps Silver Diner grow faster than the competitionSilver Diner, the largest diner chain in the US, is a leading plant-based menu innovator
JUST Eggs Benedict
JUST Egg Performance • Over 150 JUST Egg servings per location per week • Sales have doubled in last 6 months, expanding to
3 menu items • Major driver of sales & customer growth
Plant-based growth • 2/3rds of all new menu items are plant-based • Double digit annual growth while competition shrank
due to doubling their plant-based menu sales