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.
“As I understand it the dirty little secret about fake meat is that is no more healthy for you than real meat....so why bother?”
Because you are saving the animals!!!!
Of course, you really aren’t, because farming destroys the habitat of many animals. So, being a vegan is no more “animal friendly” than eating meat.
Remember when they told you margarine was soooo much better for you than butter? Then they found out that trans-fats caused heart disease. Margarine was full of trans-fats, natural fats like butter didn’t have any.
Now we’re supposed to trust that fake meat is safer than real meat?
Nobody is buying our product that tastes like crap.
Blame COVID.
Next thing your gonna tell me is battery operated cars are a good idea. Lol
I’ve actually had a few plant-based burgers that were pretty darned good!
I was shocked and annoyed.
I hate Beyond Meat because we can all see that it’s going to lead to more and more restrictions on real meat. But I hate even more false prophets who jolly up the (right-wing) masses with stupid analysis. Look, Beyond Meat the missed sales target reduce the value of Beyond Meat stock, investors aren’t necessarily being ideologically blinded idiots to stick with it: it’s already profitable despite these maybe-they’re-transient-but-so-what-if-they’re-not hits on present profitability, and there is more up-side than down. I’m not saying rush out and buy it. I’m just saying enough with the fake shadenfrued reporting.
Tastes lousy
I have sat in the board room and back rooms as these phrases are cooked up and could only roll my eyes at the absurdity of it all. You can smell the fear, greed and blind ambition. Can’t condemn it all though, without ideas and ambition there would be no progress would there?
I went to Buck’s Restaurant in Woodside, California a couple years back after a vigorous hike in the nearby mountains. I was famished! The menu had something called “The Impossible Burger” which I thought was their marketing name for a real grilled meat burger, so I ordered it.
It came out all runny, the cooked top and bottom halves falling off the undercooked middle, and a gooshy texture. It was awful. I called the waitress over and said “This is the worst burger I’ve ever had!”
She jocularly replied “Sir, you DO know that is a veggie burger?”
LOL. That was the first and last time I ever had an “Impossible Burger.”
It’s my understanding that fake meat is made, primarily, from peas.
People can eat peas and get nutrition from them.
Beef, on the other hand, derives from grass and leaves, from which people cannot get nutrition.
How the heck is converting one edible to another in any way superior to converting an inedible to an edible?
Figures, J. Russell Finch tried this kind of crap over sixty years ago, using his mother-in-law's money, and failed.
Just made acorn squash stuffed with sausage and mushrooms. Yummy.
The Moningstar Farms vegetarian "burgers" are not bad (though it has been many years since I tried one). As I ate it I was always aware that it was not meat, but it was pretty good. Some people make "burgers" with a giant portobello mushroom as the "meat". I like mushrooms, so that would probably be pretty good too.
Cows aren’t made of grass and leaves.
Speak for yourself. I love eggplant. Properly cooked, it’s delicious.
If you can't eat meat & milk together (like in keeping kosher), Morningstar Crumbles are a good way to make burritos with cheese.
“So the translation of the investor guidance is:
NOT MANY PEOPLE LIKE OUR PRODUCT.”
I talked with a guy who has been a vegetarian over 40 years, who eats soy burgers and stuff like that regularly. Even he did not like it.
It's called "meat"
Beyond profits.
I'm a big eggplant fan, particularly of the Japanese or Chinese varieties which are not bitter and do not have to be "sweated" like regular eggplant.
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