Beyond Meat posts profit miss, dragged by investment, marketing costs; shares fall

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Beyond Meat's restaurant, grocery tie-ups more than triple quarterly sales

) Whole Foods. Its deals with restaurants include Starbucks Corp’s SBUX.N recent announcement that it will soon sell a Beyond Meat breakfast sandwich across Canada.

Initial feedback on the Beyond Burger has been largely positive, based on checks with some Ontario-based McDonald’s currently testing the plant-based burgers in Canada, Bernstein analyst Alexia Howard wrote last month in a note. Howard said, however, that it seemed the McDonald’s trial had not yet been a blowout success that justified an immediate nationwide rollout across both Canada and the United States.

FILE PHOTO: Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, U.S., June 5, 2019. REUTERS/File Photo Boosted by rising sales the company’s full-year loss has narrowed since 2017, even as it spends on a new facility in the Netherlands and is working to start production in Asia by the end of this year. In recent months, the coronavirus outbreak has slowed manufacturing in China. Beyond Meat said its goal remains to produce in the region by end of year, pending abatement of the coronavirus.

 

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No ways

Green new deal

I’m sure each single patty was carefully made, put into the packages by hand like that. Like in the commercials where it takes 5 minutes to plate the food as an explanation why your dinner took 35 minutes when it’s just you and maybe 5 other people in the entire restaurant.🙄

Isn't capitalism amazing!

Investors had a cow over the missed numbers and made minced meat of the CEO?

Beyond meat slurry...........

I would by shares (had i the means) - its the obvious future.

GetWokeGoBroke

NO SOY! Go away

Let the trend continue

Really high in sodium and just didn't taste very good. I gave it a shot and I really didn't like it. They might need to go back and change the formula. I think there is a place in the market for meatless burgers but this isn't ready yet.

Let the collapse begin. Corporate flavoured GMO processed slop Mmmmmmmmmmmmmmmm

It’s shit! If you don’t want a beef burger don’t pretend with a fake burger. Eat a mushroom burger and hold your head high.

Because the shit is nasty

I mean the issue is how expensive it is compared to regular beef. If the cost was somewhat equivalent then ya demand would probably go up

And wait for the losses in its NEXT quarter!!!

That shit is poison to men

More calories, more salt, and what exactly keeps it together? Agar? Xanthan gum? Guar gum? Gelatin?

Overpriced crap. I like my veggies and grain the way they are, not crushed into pulp and pretending to be something they are not. Veggies are fantastic. Stop killing the taste.

For some reason I'm thinking of that movie 'Soylent Green' not quite sure why😱

No thanks.

Ya I’m not eating something from a company suspiciously close to a planned parenthood site.

I try to eat a more plant based diet due to my heart issues, but these products, especially those that are prepared (BK, Qdoba, etc.) Have 2-3x more sodium for very little trade off in fat including saturated. I'll take the cholesterol hit over the +500-1000mg of sodium/serving

Fake meat is absolute trash. Fact

Nobody wants that garbage except for the wokeinatti group We're carnivores

'I respect that you don't eat meat. Please respect that I don't eat fake meat.' Raven, talking to Beast Boy in Teen Titans.

Rather have the real thing.

EWWWWWW I won't eat where they sell that shit.

If you don’t want to eat meat, then don’t. But don’t eat that over-processed phony crap. RejectFakeFood

Novel stuff. Spike and drop.

Another Al Gore scheme to fool the public into saving the planet!! When it does no such thing, very unhealthy. Majority I've seen made of soy/pea protein, which can be very harmful to people with allergies if not notified.

Nobody wants this.

That's because it's not meat.. the vegan and vegetarian market is not as big as they seem to have believed. The average person would have no interest in the product.

Fake meat? Why would anyone want to eat that? The real thing is far more nutritious and healthy!

Don’t eat those. They do not contain food.

The most processed burger you can buy. Nothing about this junk is healthy. It’s a processed, full of hormone, estrogenic junk.

Aren't they full of estrogen? No thanks

Eating woke food tastes awful. Just a fad

Customers only buy it for virtue-signalling attention. Once that is gone they have no use for BM. You can't build a business on that.

Seems more like a fad than a new dietary staple. Nobody working cronuts or flagels into their daily meals.

Wow, I can't believe more people don't want to eat this estrogen filled chemical shit

fake meat sucks no matter how much astroturf support it has

Maybe if it was actually healthy they would make money.

Who would want to eat highly processed food like this?

Nou laten we eerst eens beginnen met de vraag waarom zijn moeder vreemd ging. En of hij daarom deze nodige aandacht wel verdient. Hij was gewoon een moetje.

Followme

Good for them. I won't touch it.

Pass

Bought some burgers at Publix today. Looking forward to trying them once they defrost. Why not drop the regular selling price since you can afford to offer me hem on bogo.

Just ate a Beyond Meat burger for dinner. Gouda, sliced tomatoes and a splash of ketchup. Delicious.

yehey! ban all meats!!!

It's the best one out there. The Hot Italian is better than the other one. Impossible still wins the burger battle, however.

And the stock is down another 11% after hours

It's BEYOND ME why people like concocted 'food'😐

Still baffled why non-meat eaters want to eat something that looks like meat

No, don’t call it freaking sausage! Just because you made it into linkage and added spices it’s still rabbit food.

So is the rumour that this stuff is much worse for people and for the environment true, or what?

It’s delish. Come for dinner. You won’t know, I’ll fool you meat eater bro!

You couldn’t pay me enough to eat that crap!

Its actually pretty good

Why are people so obsessed with their veggies looking like meat? Mind boggling.

Re-branding goop as food pays apparently.

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