Consumers clearly are not “lovin’n it.” According to a financial analysis website The Fly, the outlet cited statements from JPMorgan analyst Ken Goldman last week. ‘He recently spoke with McDonald’s employees at 25 locations that previously carried the product and each said that the item is no longer on the menu,’ the outlet wrote.
Not surprisingly, the reason sometimes being cited is that the product did not sell well enough.
Goldman told investors in a research note titled “McPlant Seems McDone in the US for Now.”
Moreover, he noted this “isn’t good for the narrative” of Beyond Meat. Because of this he advises caution on investing in these related stocks.
But it is not just McDonalds that has concluded their trials of the faux meats, as The Washington Times notes that ‘other trials at Panda Express and Yum! Brands (KFC, Taco Bell, and Pizza Hut) have also ended without a subsequent product launch. Beyond Meat products at Dunkin’, Hardee’s, and A&W have been discontinued after launching.’
You’re not going to change cultural tastes overnight. Recruiting your next phase of consumers requires more innovation and better-tasting products.
John Baumgartner, an analyst for the Japanese bank Mizuho, in a statement to Reuters
The Times also noted that Beyond Meat recently cut 40 workers in an attempt to cutback on expenses, before the company burns through the remainder of their 2022 budget. This year alone their stock has dropped roughly 50%, identical to what happened in 2021.
Beyond Meat has failed to generate any positive free cash flow since going public in 2019.
David Trainer of the investment research firm New Constructs wrote in a statement to Bloomberg
AUTHOR COMMENTARY
As more people continue to learn about the Great Reset, and with the masses growing increasingly frustrated and annoyed with the constant pestering from the left, the people simply are not interested in patronizing these products, along with stores being forced to take up valuable shelf and fridge space for these slow moving products.
People want the real thing. Period. The end.
However, I do not believe this to be the end for these companies. Regular readers of The WP know that I have extensively reported on the push for these fake meats, and that Beyond Meat is just but one out of scores of other companies around the world; not to mention the fact entire national governments are dumping multi-millions to bring these fake meats to fruition. The fight is not over.
[1] Now the Spirit speaketh expressly, that in the latter times some shall depart from the faith, giving heed to seducing spirits, and doctrines of devils; [2] Speaking lies in hypocrisy; having their conscience seared with a hot iron; [3] Forbidding to marry, and commanding to abstain from meats, which God hath created to be received with thanksgiving of them which believe and know the truth.1 Timothy 4:1-3
You can bet the farm and the shirt off your back, knowing that there will be serious reductions in meat consumption around the world, soon. As I have said before, a trigger event will need to be created in order to justify the mass culling of livestock and wildlife around the world; which, I have greatly postulated that a fraudulent zoonotic plague must be purported, with people dying in tow.
In my view, I think the plant-based slop is just transitionary. I still hold that the ultimate final solution is “normalized cannibalism” in the future.
The New York Times Says That Cannibalism Will Soon Become Normalized And Accepted
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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I honestly think that it’s not suppose to turn a profit but to turn public opinion; its like all of these “woke” movies and tv shows- they’re all flops in the box office with bad reviews but they still keep making them.
Agreed
Plant based = Human DNA mingled with Plant DNA