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08-04-2022 07:09 PM
Beyond Meats cuts revenue outlook, says it's trimming workforce. Beyond Meat lowered 2022 revenue forecast and announced it will trim its workforce by 4%.
The company cited inflation, rising interest rates and recession concerns for the revised outlook. The company's net sales also dropped 1.6% to $147 million and its net loss widened.
This seems lime a recurring theme in companies. Not a good look. I read this on CNBC.
08-04-2022 07:22 PM
Maybe their demise has something to do with the fact that they have terrible products! Good companies with good products are doing well. Just saying.....
08-04-2022 07:31 PM
Just wait until next year to be wowed by the price of beef. So many ranchers are selling off their herds because, due to the drought, there is no grass and they can't afford to buy and feed them hay.
08-04-2022 07:33 PM
This post has been removed by QVC because it is political.
08-04-2022 07:45 PM
@NYwoman Political posts - like yours - violate forum guidelines....for good reason. Such nonsense is offensive.
08-04-2022 07:46 PM
@Goldengate8361 wrote:Maybe their demise has something to do with the fact that they have terrible products! Good companies with good products are doing well. Just saying.....
fyi - BERLIN, Aug 3 (Reuters) – BMW (BMWG.DE) lowered its output forecast and warned of a highly volatile second half on Wednesday.
08-04-2022 07:49 PM
@elated Beyond Meat can't ignore our current economics. The reasons cited are effecting businesses as well as US citizens:
The company cited inflation, rising interest rates and recession concerns for the revised outlook.
08-04-2022 07:50 PM
Re Beyond Meat: It's Beyond Me why vegans - if they don't like meat - nevertheless want products that look and taste like real meat.
08-04-2022 07:57 PM
@ValuSkr wrote:Re Beyond Meat: It's Beyond Me why vegans - if they don't like meat - nevertheless want products that look and taste like real meat.
@ValuSkr I am not sure why you cannot understand that quite a few people, including myself, choose not to eat a slaughtered animal.
08-04-2022 07:59 PM
@Mersha wrote:
@ValuSkr wrote:Re Beyond Meat: It's Beyond Me why vegans - if they don't like meat - nevertheless want products that look and taste like real meat.
@ValuSkr I am not sure why you cannot understand that quite a few people, including myself, choose not to eat a slaughtered animal.
You missed the point.
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