marvin martian
Diamond Member
With the Trump-era move towards healthier, less-chemically contaminated foods, spearheaded by RFK, Jr., the manufacturers of ultra-processed fake meat products are struggling to sell their nasty wares to an increasingly skeptical public.
This stuff has never been particularly popular. If you've ever looked at the ingredient labels, you'll understand why.
The environmental scolds on the left have been trying to browbeat people into buying and eating this shit for years, and people just don't want it.
pjmedia.com
Faux meat-congealer Beyond Meat reported a bad third quarter last week; the company's sales were hurt in part "by weak demand for its plant-based meat products," according to Reuters, and that has The Street's Daniel Kline arguing the company is ripe for Chapter 11 bankruptcy.
"The company does have time to fend off a Chapter 11 bankruptcy filing," Kline wrote, "but it also has limited, if any, prospects to meet its impending cash needs." The company has just $117.3 million in cash or equivalents, and debts of $1.2 billion.
The company announced layoffs and other cost-cutting measures, along with expanded distribution of the products that people are less interested in buying.
Yes, that's a real thing that happened.
"Retail sales of refrigerated plant-based meat alternative products in the U.S. have fallen 17.2% so far this year, and frozen plant-based meat alternatives have fallen 8.1%," Reuters added, and "growing concerns about processed foods are severely diminishing the appeal of Beyond Meat’s product line."
This stuff has never been particularly popular. If you've ever looked at the ingredient labels, you'll understand why.
The environmental scolds on the left have been trying to browbeat people into buying and eating this shit for years, and people just don't want it.
Beyond Solvency: Beyond Meat Facing Bankruptcy?
Beyond Meat faces bankruptcy amid dwindling demand for plant-based products and financial struggles.
Faux meat-congealer Beyond Meat reported a bad third quarter last week; the company's sales were hurt in part "by weak demand for its plant-based meat products," according to Reuters, and that has The Street's Daniel Kline arguing the company is ripe for Chapter 11 bankruptcy.
"The company does have time to fend off a Chapter 11 bankruptcy filing," Kline wrote, "but it also has limited, if any, prospects to meet its impending cash needs." The company has just $117.3 million in cash or equivalents, and debts of $1.2 billion.
The company announced layoffs and other cost-cutting measures, along with expanded distribution of the products that people are less interested in buying.
Yes, that's a real thing that happened.
"Retail sales of refrigerated plant-based meat alternative products in the U.S. have fallen 17.2% so far this year, and frozen plant-based meat alternatives have fallen 8.1%," Reuters added, and "growing concerns about processed foods are severely diminishing the appeal of Beyond Meat’s product line."