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I don't know if the statement on price is valid in this article. For me, while shopping in wholefoods, I found the price of beyond meat patties is almost double
by frostyj 7y ago
I don't know if the statement on price is valid in this article. For me, while shopping in wholefoods, I found the price of beyond meat patties is almost doubled than other, actual meat, brands. I am not sure why it is so expensive, but I sincerely hope it is not the cost of production
- technotony 7y agoHave a look at their IPO prospectus. Until they built their plant in 2018 they were selling at below COGS. But this is mostly a scale problem, which is why the stock is still performing well, as they are growing so fast the market is confident they will fix the cost problem over time.