Posted on 12/07/2022 9:17:56 PM PST by DoodleBob
...Its stock has slumped nearly 83% in the past year. Sales, which the company had expected to rise as much as 33% this year, are now likely to show only minor growth....
In late October, the company said it was laying off 200 people, or 19% of its workforce. And four top executives have departed in recent months, including the chief financial officer, the chief supply chain officer and the chief operating officer, whom Beyond Meat had suspended after his arrest on allegations that he bit another man’s nose in a parking garage altercation.
What investors and others are debating now is whether Beyond Meat’s struggles are specific to the company or a harbinger of deeper issues in the plant-based meat industry.
...
“At the category level, we’re seeing volumes for plant-based meats down 22 consecutive months now,” said John Baumgartner, a consumer food analyst at the financial institution Mizuho Americas....“We’re positive on the future for plant-based meat, but this is a 20- to 25-year story,” he said....
Some say the slowdown in sales is a product of food inflation, as consumers trade pricier plant-based meat for less-expensive animal meat. But others wonder if the companies have simply reached the maximum number of consumers willing to try or repeatedly purchase faux burgers and sausages.
...
...the Deloitte analysts said another problem might be resistance to a product that some segment of customers see as “woke” and linked to politically left-leaning ideas.
In August, when the Cracker Barrel restaurant chain stated on its Facebook page that it had begun offering the meatless “Impossible Sausage,” the post was flooded with thousands of comments from irate customers. “Go woke, go broke,” one wrote. “You just lost a ton of your base. You obviously don’t know your patrons.”
(Excerpt) Read more at seattletimes.com ...
Exactly.
He probably just had a hankering for meat.
Bingo. Best post of the day
Go woke, go broke
Anyone that says that is immediately executed by any means necessary.
+1 for the childhood doggerel.
Thanks for bringing back memories.
BeyondCarnava?
Carnada?
(taps mike)
...is this thing on?
Plant-based meat?
Does that mean plants are mixed in with ‘real’ meat or are they trying to redefine ‘meat’?
A real steak is actually plant-based meat. The steer eats the grass and magically turns it into a thick, juicy sirloin.
It is difficult to conceive of a dandelion shape-shifting into roast or steak.
Now, when they come out with meat-based broccoli, I am sure there will be lines at the grocery store.
Taste is key. It’s got to taste good. Plenty of non-meat items taste good. Beyond Meat’s product might not be one of them. From the article:
“We’re not experiencing anything like what Beyond Meat has reported or some of the other brands in the space,” Keely Sulprizio, a spokesperson for Impossible Foods, said in an email. “Quite the opposite: We’re seeing hypergrowth, with over 60% year-over-year dollar sales growth in retail alone.”]
YEP!
I’ve been seeing an exodus of fake meat store stocks, first from the fresh case to the freezer, now from the freezer to the dollar stores.
This pleases me beyond words, except when it pushes out the variety of frozen foods out of the discount stores.
The sooner they tank, the better.
Now that’s my kind of salad! No dressing necessary.
Beyond Carnevora.
My first inclination is exactly what you observed. I’d go
hungry rather than eat some of that stuff (and that’s
actually a compliment considering the texture and taste).
I will say that I have had a few of the meatless items that
don’t seem like you’re in some sort of nightmare, and they
forced you to eat it over your objections, then a spare
arm or foot grows off the side of your chest.
If they can come up with something that is tasty on its own,
I would buy it. I’m not about to eat something tasting like
it’s 23 steps down from dog food, just to save the planet.
It needs to be nutritious also.
Had a Gen Zer co-worker who ate plant based meat.
One day, she shared a piece of chicken with me.
It had the texture of a gummy (gross) but tasted like chicken.
When I asked her what chemicals do they add this to make it taste it like chicken, the look on her face was priceless!
If I ever get to heaven that will be my breakfast, lunch, dinner and my bedtime snack!
(Along with a few tomatoes.)
“taste needs substantially improve”
So does the texture.
Good.
Too bad, so sad. My grocer had Beyond Meat burgers on sale, so I bought a package to try. One bite and I spit it out and threw the rest away.
Of course that krep just sits there. Gates can go suck rocks — and often does, apparently.
Same reason a lesbian goes transgender (male-ish) and a female marries her. Why not just marry a guy in the first place?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.