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 ...
Yummy 😋
Its very simple. Nobody wants that crap....kinda like the various Wokester Hollywood “offerings”.
The answer to this problem is clear…..Government subsidies.
The ignorant will buy FAKE NEWS but fake meat? Not so much.
You can only eat so many grass clippings before you go out and start biting other people’s noses.
How anyone thought this would fly is beyond me…
Insanely overprocessed garbage trying to mimmic something else with a higher price point than the original…. And everyone is shocked to find out it was a fad?!?!
Whoops...I meant 2020.
farms are far more damaging to the environment than ranches.
How is it okay with these liberal vegetarian puritan moralists that people eat a product that’s indented to look and taste like immoral and evil meat?
Are they similarly cool with people who just produce and buy animated child porn?
The Oscar Meyer Turkey dogs aren’t bad but they are best split with a seam then microwaved. (O-M bought the old Louis Rich Turkey dog company some 20ish years ago and the Louis Rich brand did something right with their dogs.) The other companies’ turkey dogs were and still are horrible.
“People would rather starve than eat that junk.”
Considering that Europe is now shutting down meat production, that may well soon be the choice for us too.
“Did these people really think that ‘beyond meat’ would actually catch on despite all the millions dumped into marketing it, Lefties, Vegans, etc., etc. buying into it? Really?!”
Think of it this way: Why would someone like Pence run for president against Trump? There ain’t no way he’s going to defeat Trump, nor will anyone else, not even close.
Answer: If Trump is in jail, then the nomination fight is wide open. They run hoping that Trump will not or cannot run.
These companies are positioning themselves for the day when middle-class Americans can no longer afford meat (if ‘they’ even allow it to still be available) - and based on what Europe is doing, that will only be a few years.
Their mistake may have been that they actually believed people preferred their product, based on the instant hype and didn’t stick to their long-term plan, and now they have to get back to it.
“When you eat fake meat, you dine with Schwab and Gates.”
I like that, kind of like “When you support Ukraine, you’re sharing a fox hole with Schwab and AOC”.
I’d like to see those idiots who were chokin’ that crap down for Burger King commercials now. I’ll bet they don’t think that they are as great as they did while chokin’ them down for those goofyass commercials. How about that goofy black guy chokin’ them down for that little Mexican girl who told him to eat it because she “just a kid” and she likes it. I’ll bet she also likes Cap’n Crunch for supper.
“Its stock has slumped nearly 83% in the past year.”
Once the ‘curiosity fad” was over, most people figured out God was right when he said, “Kill, Peter - eat that tasty meat” (or something to that effect😎)
Might be? Their own website says "Join The Movement."
They're not selling food, they're selling a "look-at-me" to virtue whiners.
Soros is at the table, too.
I’m pretty sure cattle would like them too. LOL.
"Soy showed up in a baffling array of foods, from hot dogs to salad oil to Oreos (which are, incidentally, vegan). A quick scan of a McDonald’s ingredients list revealed soy in more than 200 items—and not just in expected things like French fries and chicken nuggets, but also breakfast sausages, grilled onions, chicken patties, BBQ ranch sauce, sesame buns, liquid margarine, cinnamon melts, hash browns, griddle cakes, chocolate chips, and bagels. (At Taco Bell, it’s the same story.) Forget Dunkin’, I realized: America runs on soy""In America, we’ve treated the soybean like a used car by stripping it for its parts: We’ve found that fatty compounds in soy could mimic eggs, stretch protein, and prevent separation in JIF peanut butter; we’ve distilled soy’s protein to fortify Cheerios, pump up protein bars, and keep chicken breasts plump...Soy lecithin is everywhere, in peanut butter, margarine, frozen pizza, and non-stick cooking spray. McDonald’s even sprays it on slices of American cheese for “slice separation.”...The same enzyme that makes soy taste beany has another useful property: It bleaches. For this reason, soy flour is added to your Wonder Bread to turn it that appealing white color."
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