It gets an A+ for a nifty caramelized crust. It had some of the consistency of a piece of meat, though it put up a bit less resistance to the fork. Maybe not like a steak steak, but a reasonable facsimile to be sure. In October, the company laid off 19% of its staff, and it’s also seen three high-profile C-suite departures.Ĭhef D sets down three slices of it in front of me, accompanied by a dab of mashed potatoes and a tiny pool of steak sauce. Instead, global sales numbers fell almost 10%. The company posted a loss of $366 million last year-though that wouldn’t be so bad if burning that cash had pushed Beyond products onto more menus and dinner plates. From a supernova IPO peak of $234 per share in 2019, Beyond’s stock price is down to just $15.81 as of July 20. that started it all, has fared particularly badly in some ways, especially compared to its biggest rival, Redwood City, Calif.-based Impossible Foods (it helps though, that Impossible is a private company, which means it can keep its financials close to the chest). More than a dozen startups in the space have folded in recent months. High food prices have caused shoppers to forgo expensive meat alternatives, while cooling hype and high interest rates have tightened the spigot of venture capital that fuels the industry’s smaller players. It’s rougher out there than it was during the plant meat glory days. You just have to be comfortable with both.” “When you’re struggling, it’s the opposite. “When you’re doing well, they make you seem like you have the Midas touch,” he says, speaking in a hotel room in Midtown Manhattan last week. Instead, there’s only one question on the minds of financial analysts and business journalists: Can Beyond Meat actually make money? Brown has had plenty of time to think about the dynamic. “But I don’t think it’s something that you’re forced to do.Today, Brown still has the same talking points-environment, health, animal welfare-but fewer people seem to be listening. “For those who want to give up meat I think that’s fine,” Bolser said. Viator Parish in Old Irving Park, calls meat abstention a “superficial law” and doesn’t think people should fret about eating a plant-based burger. Charles Bolser, a retired priest from St. Other religious leaders say believers would be better served by Lent if they focused less on rules and penance and more on finding ways to live a better life. To that end, the church encourages those who already avoid meat to take up a different form of penance, so a vegetarian might go vegan on Fridays and a vegan might remove alcohol or olive oil, Siar said. “The overall purpose of this Lenten practice is to give something up that is considered a disruption in our normal routine, an intentional sacrifice.” While fake meat products technically comply with abstention requirements, “if someone is just eating them in order to ‘cheat the system’ in a way, then that might defeat the purpose of abstaining from meat in the first place,” she said. John Paul II Newman Center at the University of Illinois at Chicago. “I think it all comes down to the intention and interior disposition of the individual,” said Rebecca Siar, director of campus ministry at St.
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