The Plant-Based Food Industry Is Facing a Reset as Beyond Meat and Oatly Shares Suffer

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 69 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 51%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Shares of Beyond Meat and Oatly have shed more than half their value this year.

Ukrainian General Says War Will Be Over by Year-End; Russia Says It Will Act If NATO Moves Nuclear Forces Nearer

Companies and investors alike bet that consumers would keep eating meat alternatives and drinking milk substitutes, such as Oatly's oat-based beverage, even as Covid fears eased and lockdowns lifted. Beyond's stock has had an even more dramatic ride. It debuted on the public markets in May 2019 at $46 per share and soared in the months after, hitting an all-time high of $234.90 on July 26 of that year, which gave it a market value of $13.4 billion. The stock closed Friday at $31.24 per share, with a market value of under $2 billion.

"You also saw irrational exuberance in the category and the entrance of many, many new players, which took a lot of shelf space, took a lot of trial, not always the highest-quality offerings, to be honest with you," Cahillane told analysts on Kellogg's earnings call.sounded the alarm that growth of its plant-based products was slowing, according to Aucoin.

Beyond Meat CEO Ethan Brown told analysts on Wednesday's call that the company's weak performance stemmed from four factors: softness in the overall plant-based category, a consumer shift from refrigerated meat alternatives to frozen ones, higher discounts and increased competition. Josh Tetrick, CEO of JUST Egg, which accounts for about 95% of U.S. egg substitute sales, told CNBC he sees plenty of growth ahead.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 545. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Trump’s Terrible Exec Order on Meat Plants Was Drafted by Meat CompaniesA bombshell report by the House Select Committee on the Coronavirus Crisis has exposed cooperation between meat-packing officials and Trump allies to keep food-processing plants open early on in the pandemic despite the known risks it posed to workers. Doesn’t surprise me… Everyday, reports reveal just how incompetent Trump and his minions were in handling domestic issues for the country. How many meat packers died? Less that 1%? Bombshell report my ass.
ソース: thedailybeast - 🏆 307. / 63 続きを読む »

Trump wanted praise for downplaying COVID concerns in meat industry: ReportA government report released Thursday estimates that more than 59,000 workers in the industry became sick and approximately 269 people died. No surprise at all!
ソース: Newsweek - 🏆 468. / 52 続きを読む »

Trump Administration and Meat Industry Lied About Shortages to Keep Plants Open During Covid: House ReportA congressional investigation found that the meat industry made “baseless” claims of shortages to keep plants open during the pandemic. 269 workers died. Nobody cares The first paragraph of your own article disproves this ‘click bait’ 😂 You have obvious collusion between multiple private/public agents of an industry, to convince an admin to make policy change… but you’d rather blame that one guy again 🙄 This is old news to Maddow viewers. Thats why my freezer is full of fish
ソース: RollingStone - 🏆 483. / 51 続きを読む »

Report: Trump officials, meat companies knew workers at riskAt the height of the pandemic, the meat processing industry worked closely with political appointees in the Trump administration to stave off health restrictions and keep slaughterhouses open even as COVID-19 spread rapidly among workers, according to a Congressional report released Thursday.
ソース: WashTimes - 🏆 235. / 63 続きを読む »