Posted on 02/24/2022 2:38:39 PM PST by Oldeconomybuyer
Plant-based meat company Beyond Meat said Thursday that its sales dropped in the fourth quarter due to weak U.S. retail demand.
Beyond Meat said restaurant sales are showing promise as its products roll out to more locations. Panda Express began selling Beyond Meat orange chicken at 70 U.S. locations in October, for example. Beyond Meat’s U.S. food service sales rose 35% for the quarter.
But the company said that couldn’t make up for a 19.5% decline in sales at U.S. groceries and other retailers.
In a statement, Beyond Meat President and CEO Ethan Brown said the company believes weak retail sales __ for its own products and that of competitors __ is a “temporary disruption.”
But in a research note Thursday, J.P. Morgan analyst Ken Goldman noted that Beyond Meat rival Maple Leaf Foods also reported a “pronounced slowdown” in plant-based meat sales. Maple Leaf Foods, which also reported fourth quarter earnings Thursday, said it was reevaluating plant-based meat retail sales.
(Excerpt) Read more at apnews.com ...
People don’t like this stuff, they want REAL MEAT!
On the first day of the panic food buying during Covid, in Spring 2020, I was in a Kroger in early afternoon. Bread, milk, eggs, meat, dairy was all picked clean. I walked up on a 6’ wide or so coffin cooler, and it was JAM PACKED with Beyond Meat and similar products. Fully stocked. I cracked up, should have taken a picture.
REAL MEAT!
Complete crap…..
Hmm.
We've been eating plant-based meat for a long time. Beef, lamb, swine, fowl, venison, and oddly these creatures all "make" plant-based meat.
Meanwhile "plants" -- factories -- that "make" -- manufacture -- something "beyond" meat are manufacturing vegetarian, chemical infused fakes.
Beyond My Palate
Phony, tasteless meat isn’t selling well? I’m shocked!
Yep, never going to do it just on principle. They are trying to eliminate eating meat altogether. This is just one fork of that effort.
“I could smell the stink of manipulation from day one.”
Yep, absolutely... Same here. PETA and the VEGANS are behind all this crap. But they use the “Environment” as the vehicle to do it.
Oh, I am surprised...
It stands to reason...for multiple reasons. First, if people like meat, they are not going to eat plants. Second, those who don’t like meat aren’t going to buy plant products manipulated to taste like meat.
Let the rats eat rats!
Beyond Meat lies the toilet!
Palm oil does the trick. You know, the crap that stops your heart!
I left a woke company recently where one of the newly-hired managers was HEAVILY and arrogantly promoting that stuff. It’s like a kool-aid cult of True Believers convinced they csn Save Mother Gaia with electric cars, fake meat, and socialism.
Yuk!
It’s made from people!
I bet a company trying to sell vegetables made from meat wouldn’t do well either.
The company's press release blames it on COVID and supply chain issues.
If only there was a way to naturally turn plant matter in to meat...
I don’t eat pork, so tried Beyond Meat sausage. Ghastly, inedible, and far more fat than real pork. What could be healthy about that? Threw out most of the package. Barf alert required on the package.
Beyond meat lies nothing.
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