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Thread: What happened to Beyond Meat?

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    Exclamation What happened to Beyond Meat?

    What happened to Beyond Meat?


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    Beyond Meat was soaring when it went public in 2019. Its faux-meats popped up in myriad restaurant and grocery chains, and at one point it reached a $10B+ valuation — though The Motley Fool cautioned it was overvalued.

    But now? The hype is cooling - Beyond Meat shares have dropped ~83% this year while sales have stagnated, per The New York Times.

    • In October, it laid off 200 workers, or ~19% of its workforce.
    • The company lost four execs, including the COO, who was accused of biting a man’s nose during a fight.

    Employees also told The Wall Street Journal that CEO Ethan Brown, who founded Beyond Meat in 2009, rushed timelines, resulting in wasted resources and unenthused customers.


    But it’s not just Beyond Meat


    Brazilian meatpacker JBS announced it would shutter its plant-based arm in October, while Kellogg’s Morningstar Farms has seen sales drop, reportedly over supply chain issues.
    Also:

    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

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    It tastes horrible. To me anyway.

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    MisterVeritis (11-23-2022)

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    1. They are not any better for you than the 1/4lber.

    2. They are a highly processed food.

    3. Meat eaters aren't interested in plant/chemical based substitutes.

    4. Just a bad idea. Why make a vegan meal to look and taste like meat? I would like to see the business plan. Probably full of vegan cult stuff and little business case.
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    I think a lot of stocks are down.
    ""A government which robs Peter to pay Paul can always depend on the support of Paul" ~George Bernard Shaw

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    Quote Originally Posted by FindersKeepers View Post
    I think a lot of stocks are down.
    Not like this. This shows the company is failing.
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    Quote Originally Posted by Peter1469 View Post
    1. They are not any better for you than the 1/4lber.

    2. They are a highly processed food.

    3. Meat eaters aren't interested in plant/chemical based substitutes.

    4. Just a bad idea. Why make a vegan meal to look and taste like meat? I would like to see the business plan. Probably full of vegan cult stuff and little business case.

    It's to help out those who want to quit eating meat but still long for the tastes associated with it.

    Vegetarians love things like tacos, burgers, and hot dogs, too, and if they can have those tastes without animals dying, it's all good.
    ""A government which robs Peter to pay Paul can always depend on the support of Paul" ~George Bernard Shaw

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    Quote Originally Posted by Peter1469 View Post
    Not like this. This shows the company is failing.
    It could be. I don't buy their products so I don't know if they're good or not.
    ""A government which robs Peter to pay Paul can always depend on the support of Paul" ~George Bernard Shaw

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    Quote Originally Posted by FindersKeepers View Post
    It's to help out those who want to quit eating meat but still long for the tastes associated with it.

    Vegetarians love things like tacos, burgers, and hot dogs, too, and if they can have those tastes without animals dying, it's all good.
    It looks like the people you describe aren't biting.
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    Quote Originally Posted by Peter1469 View Post
    It looks like the people you describe aren't biting.

    Not on Beyond Meat at any rate.
    ""A government which robs Peter to pay Paul can always depend on the support of Paul" ~George Bernard Shaw

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    Some of those fake meats look like real meat. They even cook like real meat. But smell and taste, to me, are not close enough to meat to make it worthwhile.

    And here, anyway, the price was more expensive than the actual meat.

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