Beyond Meat's Sales Stopped Growing

McDonald’s will be meat-free-free in America for the foreseeable future. The McPlant, a burger made in collaboration with Beyond Meat, failed when it was rolled out in hundreds of locations across California and Texas in 2022.

That’s a sizable setback for Beyond, which, despite some serious hype around the brand in earlier years, has never turned a profit and has seen its stock drop ~90% from its 2019 IPO. In its latest quarter, the plant-based producer reported net revenues that sunk 18% to $76M, the company’s 8th quarter of shrinking sales in a row.

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