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-0.00223569023569029 -0.00471380471380473 -0.00143434343434344 0.00033670033670027 -0.0070707070707071 -0.0208754208754209 -0.0208754208754209 -0.0208754208754209
Stock impact report

Plant-based meat sales declining, industry possibly suffering 'perception problem' [FOX Business Network]

Beyond Meat, Inc. - Common stock (BYND) 
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm Check Earnings Report
Plant-based meats are no longer all the rage they were just a few years ago, according to Deloitte Consulting LLP. After once enjoying double-digit growth, sales are declining, possibly due to saturation of the U.S. market, Bloomberg reports. "Sales of refrigerated meat alternatives at retailers are down 10.5% by volume for the 52-weeks ending Sept. 4, 2022, according to data from Information Resources Inc., or IRI. While higher prices are the top reason for the slide, it's not the only one, according to Jonna Parker, a fresh food specialist at the market research company. ‘Proteins that were cheaper on a price-per-pound basis did fare better,' Parker said, noting that semi-vegetarian shoppers that may have opted for an alt-product will now just go for the less-expensive real thing. With inflation, consumers have become less willing to pay a premium for faux meat. Taste and health concerns are also playing a role," the report reads. TACO BELL TEMPORARILY OFFERING BEYOND MEAT Show less Read more
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