The theme of this year’s event was “growth reimagined,” which includes shaking off limiting stereotypes such as all natural products taste like “cardboard” or are for “crunchy granola-types,” which have long-haunted industry, but no longer apply, Carlotta Mast, senior vice president and market leader at New Hope Network, said in…
Beyond Meat is beyond hope, the transition is taking hold. Q4 results are better than expected and profitability is still on tap for 2023. Short interest is high and a squeeze could be brewing. 5 stocks we like better than Beyond Meat If you’ve wondered about Beyond Meat (NASDAQ: BYND),…
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…