Tag: Beyond Meat

BEYOND PROFITS

Submitted by Hardscrabble Farmer

CNBC

Beyond Meat shares tumble after jerky launch leads to wider-than-expected loss

Key Points

  • Beyond Meat reported a wider-than-expected loss for its first quarter as it offered steeper discounts and cheaper prices to international consumers.
  • The launch of the company’s plant-based jerky weighed heavily on margins, the company said.
  • The company’s gross margin was 0.2% of revenue during the quarter, tumbling sharply from its gross margin of 30.2% a year ago.
  • Beyond Meat shares fell as much as 25% in extended trading, extending the stock’s losses from earlier in the day.

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IMPOSSIBLE? NO, INEDIBLE.

Submitted by Hardscrabble Farmer

Via Zerohedge

Impossible Foods “Makes Organization Changes” As Fake Meat Fad Rots

If readers have been paying attention, global elites and their corporate-state media clowns have been pushing “meat alternatives” for several years.

Technocratic elites have decided in the so-called “Great Reset” in a post-COVID world that peasants should eat plant-based meat instead of the real thing as a way for “sustainable nutrition.”

Fake meat startups such as Impossible Foods and Beyond Meat are some leaders in the space. Though recent developments suggest shifting people onto a fake meat diet is faltering.

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Beyond Meat’s Stock Attracts “Dumb Money”

Guest Post by Bill Bonner

POITOU, FRANCE – Where’s the beef?

Yesterday, Beyond Meat – a company that sells imitation meat products – got whacked with a 12% loss. That still left it nearly 10 times above its initial offer price.

The remarkable thing about Beyond Meat is not the fake meat; health nuts, animal lovers, and Seventh-day Adventists have been eating mock meat for decades. The interesting thing is what the company reveals about the whole fandango.

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Doug Casey: Artificial Meat Is a Growing Trend

Via Casey Research

Justin’s note: Beyond Meat (BYND) is soaring.

The plant-based meat producer is up around 500% since the company went public in May. The company is now worth over $9 billion, and is trading at more than 80 times its trailing 12-month sales.

That’s an absurd valuation. But many believe the stock could keep running. That’s because the company is supposed to radically change how people eat.

Personally, I think BYND’s a bubble that will pop any day now. But I was interested in the big trend here of plant-based meat. So, I got Doug Casey on the phone to see what he thinks about BYND and the future of food…

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