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> If BM’s products were more affordable One thing worth noting here is that, contrary to the popular belief, Beyond Meat is not a high-margin business. You ca
by cloudbonsai 1y ago
> If BM’s products were more affordable
One thing worth noting here is that, contrary to the popular belief, Beyond Meat is not a high-margin business.
You can check out their latest financial result (2025 1Q) to confirm this:
First Quarter 2025 Financial Highlights
- Net revenues were $68.7 million, a decrease of 9.1% year-over-year.
- Gross profit was a loss of $1.1 million, or gross margin of -1.5%, compared to gross profit of $3.7 million, or gross margin of 4.9%, in the year-ago period.
https://investors.beyondmeat.com/news-releases/news-release-details/beyond-meatr-reports-first-quarter-2025-financial-results/ https://investors.beyondmeat.com/news-releases/news-release-...
Basically they are spending $95-101 to produce $100-worth of plant meat. Compared to traditional meat companies, Homel (SPAM) is operating at 20% gross margin and Pilgrim (chicken) is at 10%.
BM is barely profitable even before sales and administrative expenses.