BusinessAug 3, 2024
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.
See the full article here.
Dataset
Quarter | YoY Quarterly Growth |
---|---|
Q1 2019 | 208% |
Q2 2019 | 294% |
Q3 2019 | 253% |
Q4 2019 | 206% |
Q1 2020 | 143% |
Q2 2020 | 69% |
Q3 2020 | 2% |
Q4 2020 | 4% |
Q1 2021 | 11% |
Q2 2021 | 32% |
Q3 2021 | 13% |
Q4 2021 | -1% |
Q1 2022 | 1% |
Q2 2022 | -1% |
Q3 2022 | -22% |
Q4 2022 | -21% |
Q1 2023 | -16% |
Q2 2023 | -31% |
Q3 2023 | -10% |
Q4 2023 | -8% |
Q1 2024 | -17% |
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