Zerohedge- Beyond Meat Implodes After Reporting Catastrophic Q3 Sales
Confirming yesterday’s observation that the market is quick and merciless to punish any and all stocks that miss expectations this quarter, moments ago (former growth stock) Beyond Meat plunged 14% after reporting preliminary net revenue for third quarter of about $106 million, missing the estimate of $134.3 million by about 30%, and a huge disappointment to the company’s prior guidance which was $120 million to $140 million.
People don’t like fake meat?
Yuck!
Pretending to be meat.
No doubt that Bill Gates will be pissed and probably have our politicians impose this crap on us.
He bought up many farms to make peas and beans to add to this product.
Hence the reason for this epic business FAIL … the Biden Admin. failed to MANDATE a meatless diet for the American people. One of the few edicts his “Health Officials” didn’t MANDATE on the American. “For our own good”.
It seems the FAKE vegetarian science still isn’t quite as advanced as the FAKE Global Warming science.
*
i’m with joe rogan…
“Most vegans are vegans ’cause they’re kind people. They don’t
want anything to die so they can live. And those people are heroes, ’
cause they’re always tired, they’re cranky, their health’s all fucked
up. They’re doing it for all the right reasons. But then there’s vegans
who are really only vegans ’cause Scientology didn’t find them first.”
“I wrote hashtag #vegan and that’s where I fucked up. Ooh! That
wasn’t worth it. That didn’t feel good. Oh! The hate, the anger!
Never in my life have I encountered such a ruthless, vicious group
of kind, compassionate people.”
“Everybody knows certain vegans that would have joined the Taliban
if they took the wrong flight.”
I prefer “veggi-less vegetables”, which is made out of beef, pork, and chicken but shaped like tomato’s, carrots, peas etcetera…………………healthy, all natural ingredients and delicious.
Wasn’t it Gore who created the meatless meat industry? Sobeys has an entire freezer section devoted to meatless stuff, I never see anyone buying anything from said section. Look at the list of ingredients on the packaging, scary stuff indeed.
In the early days of the pandemic when the grocery shelves would go bare the only section that remained fully stocked was the vegetarian/vegan faux meat section.
Oh and if veganism is so great why does everything they make have to look like meat and have a meat name?
Yep, never mind they need to add dozens of ingredients to said vegan food to make it taste like foooooooooooooooooood.
Please take a look at my comment below about the frankestein ingredients in impossible burgers
Hexane is used to turn peas into mush in Portage la Prairie for veggie burgers.
How do you even filter hexane out?
My lovely bride can turn peas into mush on the stove. Who the hell needs hexane?
”(Hexanes) are commonly used in food based soybean oil extraction in the United States, and are potentially present as contaminants in all soy food products in which the technique is used; the lack of regulation by the FDA of this contaminant is a matter of some controversy.“
– Wikipedia
with fire?
“How do you even filter hexane out?”
You boil it. It has a lower boiling point than water, so when you boil the peas the hexane flashes off. Kinda flammable though, might be a little touchy on an industrial scale…
See my post above please.
This is good news! It is these woke product corporations that are the vanguard of the diversity economy; now, our heroic activist leaders will step in with CBC style subsidies. Good news for anyone that delights in a few cubes of tofu, topped off with a squeeze of flavor paste.
Are you the Fenris Badwulf that used to run Mitchieville? There was some funny stuff on there. I was a regular visitor. I remember D. Morris was a regular commentor or too. I see his name on here occasionally.
Who wants to eat mystery processed food? Nothing beats buying meat from local producers and eating fresh produce from one’s own garden. There is not much nutrition in the stuff they call food in the grocery store.
“… nothing beats buying meat from local producers …” What I think even better is shooting the real producer of meat myself, then skinning it and cutting the meat off its skeleton to take home. But if everyone caught on to it, we’d have to fence off land and keep critters penned in, half tame, and grow plant stuff to feed them and then just butcher them.
If every big company that ever made mildly inflated forecasts to investors went bankrupt, there would be no big companies left.
$106 000 000 net indicates to me that quite a few idiots actually do like and buy the stuff.
Vegans have to scream loud and proud they are thus. Whenever you have doubts about your choices yelling loud is one way to pretend you’re correct.
When was the last time you saw “carnivore” on a bumper sticker? Vegans have to paint such slogans all over their EV’s.
Last time I saw a rep pushing some fake food products at Costco I mentioned out loud she was selling compressed dog shit.
Re: “When was the last time you saw “carnivore” on a bumper sticker? Vegans have to paint such slogans all over their EV’s.”
I saw a great cartoon a few weeks ago where the police were arresting a man and read him his rights – as in “you have the right to remain silent”. The perp responded “I can’t, I’m a vegan”.
Yes, by and large, everyone detests this disgusting garbage. So you know what that means, right? It means our shit government will subsidize it to keep it afloat and then probably nationalize it. Right before they announce a “transition” away from beef based diets. For the emissions reductions, of course.
Honestly, nothing would surprise me at this point. I see this news and I think, ‘good!’ But then I wonder how long I have before I am forced to eat this shit.
Beyond meat will look good when they mandate the insect diet.
About time! Take note A&W. sick of your smarmy social engineering. From commie root beer to paper straws and non-Alberta beef.
Signed; Small Town Alberta
What you said
How the #ell can they blame their rotten sales report on COVID? Are they only selling to restaurants that have had business drop by the same percentages their missed projections?
No. They don’t.
The only way to make fake meat profitable is to make real meat unaffordable or impossible to obtain.
Trudeau can do that.
If Beyond Meat goes bust, can they take vegan shirataki noodles with them? Tried them a couple of months back as part of a dietary change. Vile stuff. You pay a lot of money for something that is basically congealed air with no nutritional value.
I take “veggie burgers” camping with me. Scatter them around your campsite and even grizzly bears will stay away from that vile sh*t!
Careful. PETA might consider that animal cruelty.
I didn’t evolve to the top of the food chain eating broccoli!
These idiot firms advertise “they are all natural, nothing artificial.”
First off, it is fake food. That means it is artificial and synthetic. Nothing natural about that.
There is no point filing a complaint with Ad Standards. They can’t even get their own act together. They think the Pearson rag was in use when they started in 1963.
I’ve never understood why Vegans, who are ever so much better than us meat-eating deplorables, go to such pains to disguise their soy protein and Soylent Green as ersatz meat. Is it that the stuff is so disgusting that they have to make it look like meat so as to fool people into eating it? No actual meat-eater would be fooled, but are Vegans really so stupid that they are? If non-meat is really so great and virtuous and environmental and tasty and everything, why do you have to disguise it as meat? Is a soy patty made more tasty if it looks like a hamburger patty? Is tofu more appetizing squeezed into a tube like a hot dog? Why sell it as fake meat? Won’t it sell on its own merits as “real” soy-based food-like substances?
Now with 12% less hexane!
been getting fake egg ads lately , i thought the algorithm that did this targeting would be better than this , ive only tasted fake chicken once. a smallest of tastes too.
Fake meat’s nothing new.
While I was an undergrad in the 1970s, I remember some of the stuff that was sold in the on-campus vending machines. I heard them referred to as “bronto burgers” because one had to be an animal to eat them.
I still say that grass fed beef is plant based meat. Grass is still a plant isn’t it?????
I already like plant-based meats–they’re called beef, pork and chicken.
Although most people don t know about this very weird ingredient( see excerpt below ) , it makes those fake burger even less appealing,
they are frankestein food, not really vegetarian food.
Please read this,
[…]…Is soy leghemoglobin safe? Very likely, yes.
The Impossible Burger team did feed unbelievable amounts of soy leghemoglobin to rats and found there were no adverse effects over a 28 day period.1
We don’t have studies in humans to see how people will react to the ingredients in the Impossible Burger.
It’s also worth noting that leghemoglobin, hemoglobin and myoglobin are not the same thing. They might all function to bind oxygen but they do all have a different structure. So, leghemoglobin is not the exact same molecule found in actual meat. They are similar but not identical.
Genetically modified microorganisms
According to this Wired Article, “one acre of soybeans yields just a kilogram of soy leghemoglobin,” so the Impossible Burger team created a workaround.
Wired does a good job of summing up the process:
Technicians take genes that code for the soy leghemoglobin protein and insert them into a species of yeast called Pichia pastoris. They then feed the modified yeast sugar and minerals, prompting it to grow and replicate and manufacture heme with a fraction of the footprint of field-grown soy.
And I do think this is an important distinction to make here. The Impossible Burger doesn’t just use genetically modified ingredients, it produces its key proteins using genetically modified microorganisms. I am not saying that is necessarily a bad thing, it may be a necessary thing in light of what animal agriculture is doing to the environment. …[…]
link to the entire article,
https://www.mygenefood.com/blog/i-ate-an-impossible-burger-wish-i-hadnt/comment-page-3/?unapproved=26932&moderation-hash=9f871644bf0b9785e2d8c18b2d471858#comment-26932
I’m a vegetarian, and I’m not surprised. I’ve tried Beyond Meat, and I think it has only a novelty market. The problem is, it tastes too much like meat. Vegetarians tend to lose their taste for meat, and it no longer tastes good to us. Meat-eaters will probably still prefer to eat meat, unless Beyond Meat can come in at a lower price.
Even if it was free – no thanks.
Because a chemical plant makes the healthiest food.
Life is hard. Its harder when you’re stupid.