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This can't help! The Beyond Meat COO is in jail after biting a man's nose after Arkansas football game over the weekend. How many jokes are just sitting here?View attachment 1325849
Beyond Meat’s sales have fizzled rather than sizzled after fast-food trials of its product had customers asking, “Where’s the beef?”
McDonald’s is the latest fast-food giant to complete a trial of a Beyond Meat plant-based product (the McPlant burger).
JPMorgan Chase & Co. analyst Ken Goldman released a market research note that indicated the product was being broadly discontinued in the U.S. last Thursday. The two companies signed a three-year global distribution deal in 2021.
Mr. Goldman, who spoke with employees at 25 McDonald’s locations, wrote that “Not surprisingly, the reason sometimes being cited is that the product did not sell well enough” and that the product was “McDone” in the U.S., according to The Fly, a financial news site.
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, told Reuters.
Beyond Meat cut 40 jobs Wednesday in an effort to save money before it burns through all of its remaining cash. In 2022, its stocks have fallen by almost 50% and fell by a similar amount in 2021.
In a research note cited by Bloomberg, David Trainer of the investment research firm New Constructs wrote, “Beyond Meat has failed to generate any positive free cash flow since going public in 2019.”
Mr. Trainer also told Bloomberg that the layoffs could help, but that “the proof is yet to be seen until we can see how much they can slow the burn.”
Well that's true, but how will you prevent people from buying them?The same thing can be done with electric cars too. If nobody buys them they will have no choice but to go back to what sells.
When Obama raised the price of gas over four dollars a gallon, everyone was selling their trucks and large SUVs. Once Trump got in office and gas went back to two dollars a gallon everyone went right back to trucks and SUVs.Well that's true, but how will you prevent people from buying them?
How do you get "manufactures" to go back to building "combustion engine" cars when the government OWNS them?
They ALREADY own the coasts' markets, except parts of Virginia, Carolinas & Georgiaforeign car companies will see the opportunity to own the US market
Which company is government owned?How do you get "manufactures" to go back to building "combustion engine" cars when the government OWNS them?
I don't eat that crap or ever at Micky Ds either, greasy coronary in a paper wrapper sh-tMy lead article was written nearly 2 years ago and they were still selling fake meat burgers all this time?
McDonald's quietly confirms it is killing off one of its most divisive menu items ever - leaving fans torn
McDonald's is killing off a menu item that divided fans
McDonald's has scrapped a menu item in the US. Customers have not bought the item in America - even though it has been a huge hit in Europe.www.dailymail.co.uk
GM & ChinaHow do you get "manufactures" to go back to building "combustion engine" cars when the government OWNS them?
Not in WI. Wendy's died here twice over when Dave left us.There was a time in my young adult life I should have owned stock in McDonald's, I ate so much of it.
It wasn't great, sure, but there was a consistent level of quality to it that the competition lacked.
Those days are LONG gone, though - have been for several years now.
Absolute crap.
Ditto Taco Bell, Burger King and several others - the quality and the prep have gone to ****.
That said...
The wife and I were running around sightseeing today (we're both on vacation) and I suggested we
try a Wendy's in a town down the road a ways, since neither of us had been to one in years.
Not expecting much, we were instead delighted to find that Dave's place still did things the way they
always have - everything was as good as ever, certainly better than any fast food in our home town.
I was stunned.