Beyond Meat

Beyond Meat on Thursday reported better-than-expected fourth quarter sales despite flagging consumer demand and lower prices. The plant-based meat maker said its revenue fell 21% to $80 million in the October-December period. Still, that beat Wall Street's expectations. Analysts polled by FactSet were forecasting revenue of $75.8 million. Beyond Meat’s…

Welcome to Legends of Jakarta, a series in which we highlight the people and organizations working tirelessly to bring positive change to the Indonesian capital and beyond. We also want to encourage readers to donate to and/or volunteer for the causes they hold dear. In the first installment of this…

The prices of foodstuffs such as rice, tomatoes, meat, turkey and chicken have continued to soar beyond the reach of the masses in the FCT, with hours to Christmas, SaharaReporters learnt. The increase in the pump prices of petroleum and rising food prices among other factors have made this year’s…

This week, Bloomberg surfaced photos from Beyond Meat’s Pennsylvania plant allegedly showing evidence of mold, listeria, and other food safety issues. Products from the plant tested positive for listeria 11 times between the second half of last year and the first half of this year, according to Bloomberg, and internal reports…

Plant-based meat maker Beyond Meat said its revenue fell 22.5% in the third quarter as it cut prices in the face of weaker demand. The El Segundo, California-based company reported net revenue of $82.5 million for the July-September period. That was far lower than the $93.6 million Wall Street had…

The latest plant-based innovation is officially on the market. Several years ago, plant-based meat seemed poised to leap into the mainstream, with many well-known vegan meat brands vying for the spotlight. When Beyond Meat went public in 2019, its Wall Street debut was the biggest in a decade. Consumers could…

Illustration: Rae Cook/Axios Companies that make faux burgers and other meat substitutes are laying off employees and staring down weak sales, amid what Beyond Meat describes as "ongoing softness in the plant-based meat category." Why it matters: The biggest fast-food chains and meat producers have raced to cash in on…

Beyond Meat is launching a steak substitute in grocery stores on Monday. The new product will roll out nationwide at more than 5,000 Kroger and Walmart stores, as well as Albertsons, Ahold Delhaize, Jewel-Osco, Sprouts and other local grocers. The announcement concludes a rocky month for the maker of meat alternatives. Beyond ousted Chief Operating Officer Doug Ramsey after…

Beyond Meat will cut 19% of its global workforce, or about 200 employees, the company said in a regulatory filing (pdf) on Oct. 14, suggesting that plant-based meat’s popularity has sizzled out. The cuts are expected to be completed by end of the year, and the company’s goal is to…

Beyond Meat’s operating chief, Doug Ramsey, left the company Friday, weeks after he was arrested for allegedly biting a man’s nose following a college football game in Arkansas. The company had originally suspended Ramsey after the arrest became public last month. Beyond Meat revealed Ramsey’s exit in a securities filing Friday morning. In September,…