3 ms·
everybody mostly discusses real vs. imitation/vegan, yet i think it has nothing to do with the current BYND situation. "on an operating basis Beyond Meat lost
by trhway 1y ago
everybody mostly discusses real vs. imitation/vegan, yet i think it has nothing to do with the current BYND situation.
"on an operating basis Beyond Meat lost 45 cents from every dollar of sales."
that is a culprit. Bad management. How else can your plant based product at comparable to meat prices be a loss instead of great profit. Even pure avocados are cheaper than meat. What is better and pricier than avocados do you put into your product? Then it should taste much better than avocados and meat. Yet there is no avocados, it is more like low quality cat/dog food:
"Key components include pea protein, rice protein, and lentil protein, alongside avocado oil, refined coconut oil, and canola oil. Other notable additions include methylcellulose, potato starch, and apple extract.
"
That stuff at their prices should be super-profitable.