SDG Detail

Beyond Meat sales slumped because people are eating less fake meat, and the company says it gets why

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Project description

Beyond Meat's sales slumped at the end of 2022 as consumers turned away from plant-based meat substitutes. Net revenues were down $20.7 million, or 20.6%, in the quarter to December 31 year-over-year. The company said it sold almost 3.3 million fewer pounds of its fake meat products over the time period � a drop of about 17%.

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