{"id":18714,"date":"2022-08-05T04:36:46","date_gmt":"2022-08-05T04:36:46","guid":{"rendered":"https:\/\/www.hinduismtoday.com\/hpi\/?p=18714"},"modified":"2022-08-05T04:36:47","modified_gmt":"2022-08-05T04:36:47","slug":"beyond-meat-brand-sales-under-threat-as-plant-based-boom-withers","status":"publish","type":"post","link":"https:\/\/www.hinduismtoday.com\/hpi\/2022\/08\/05\/beyond-meat-brand-sales-under-threat-as-plant-based-boom-withers\/","title":{"rendered":"“Beyond Meat” Brand Sales under Threat as Plant-Based Boom Withers"},"content":{"rendered":"\n

UNITED STATES, August 3, 2022 (Nasdaq): Beyond Meat Inc BYND.O is headed for an unappetizing second quarter as the plant-based food craze withers in the face of several weak product tests at restaurants and mediocre reviews. Analysts have slashed forecasts for Beyond Meat’s sales on supply-chain concerns and waning demand that pulled down shares of the plant-based meat maker and peer Oatly Group AB OTLY.O from their lofty market debut levels. “Part of the issue with the adoption of the category for new consumers is that you’re not going to change cultural tastes overnight,” Mizuho analyst John Baumgartner said. “Recruiting your next phase of consumers requires more innovation and better tasting products.”

McDonald’s Corp MCD.N last week became the latest chain to not go through with an immediate broader launch of Beyond Meat products, after concluding its U.S. test of a burger made with the plant-based meat without confirming future plans. Tests at Panda Express and Yum Brands Inc’s, KFC, Pizza Hut and Taco Bell have also yet to lead to a permanent or U.S.-wide launch, while Dunkin, Hardee’s and A&W have discontinued products after launching, according to brokerage Piper Sandler. The company has had to discount more to encourage inflation-hit consumers to pick up its products over those of competitors at grocers, leading analysts to say its expectation for average revenue growth of 27% for 2022 now appears steep.

https:\/\/www.nasdaq.com\/articles\/preview-beyond-meat-sales-under-threat-as-plant-based-boom-withers<\/a>
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UNITED STATES, August 3, 2022 (Nasdaq): Beyond Meat Inc BYND.O is headed for an unappetizing second quarter as the plant-based,…<\/p>\n","protected":false},"author":2,"featured_media":18717,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/posts\/18714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/comments?post=18714"}],"version-history":[{"count":2,"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/posts\/18714\/revisions"}],"predecessor-version":[{"id":18718,"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/posts\/18714\/revisions\/18718"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/media\/18717"}],"wp:attachment":[{"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/media?parent=18714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/categories?post=18714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hinduismtoday.com\/hpi\/wp-json\/wp\/v2\/tags?post=18714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}