Posted on 10/22/2021 7:14:21 AM PDT by Brookhaven
Beyond Meat Implodes After Reporting Catastrophic Q3 Sales
Confirming yesterday’s observation that the market is quick and merciless to punish any and all stocks that miss expectations this quarter, moments ago (former growth stock) Beyond Meat plunged 14% after reporting preliminary net revenue for third quarter of about $106 million, missing the estimate of $134.3 million by about 30%, and a huge disappointment to the company’s prior guidance which was $120 million to $140 million.
As Bloomberg notes, while the Company’s previous third quarter guidance anticipated a sequential decline in net revenues, the deceleration was far larger than anticipated.
The company said that multiple factors contributed to the shortfall during the quarter:
• Demand was impacted by broader ongoing macro and micro-economic factors, including among others, the effects of the COVID-19 Delta variant
• Challenges in operations that led to unfulfilled orders Company experienced decrease in retail orders that persisted longer than expected from a Canadian distributor
None of this mattered to investors who now sees just round after round of excuses from the management team, which will soon be on the chopping block unless it manages to restore some of the company’s previous growth.
I’m shocked people don’t want fake meat. Really I am. Quarterly revenue of $106 million tells me people try it once and don’t go back.
Sounds like the name of a gay bar.
BINGO!
They issued the standard corporate media weenie non-explanation explanation: "Demand was impacted by broader ongoing macro and micro-economic factors, including among others, the effects of the COVID-19 Delta variant."
That's as incoherent as anything Babbling Joe spews.
I can tell that’s a fake photograph...where are the entry holes? Not a single exit hole? C’mon, man.
Who could have imagined this would ever make money?
Beanbag rounds...................
God meant for people to eat meat.
Eat meat.
People wanted Soylent Green only because there was nothing else to eat.
Beanbags hitting the squash...makes perfect sense. FOOD FIGHT!
Eggplant Parmesan is delightful!......................
Just eat actual food.
It doesn’t make sense.
We are told to avoid “processed” foods. Hard to imagine anything
more processed than synthetic meat.
That explains why butter is not advertised as tasting “just as good as margarine.”
.
The comedian Dave Chappelle compared Caitlyn Jenner’s new genitals to beyond meet, calling it “beyond p*****”
Vegetarian is one thing. I could probably live as a vegetarian as long as I can still add dairy products like butter and cheese. But vegans won't eat anything derived from animals, so they make fake cheese and fake cheesecakes and fake meat. If anyone is a guest at my house and asks if I have vegan food, the answer is "no".
real problem: too much real meat available
the dems are working on that
I had planned on going vegan until the delta variant hit...
Federal subsidy in 3, 2, 1...
what were the effects of delta on the sales of real meat?
none?
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