![]() Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account “That is a very difficult proposition when consumers have very high levels of inflation going on and their buying power in grocery is declining,” Brown said. The price of Beyond’s “beef” sells for $8.35 a pound, compared with USDA ground beef, which sells for $4.90. But in an earnings call with analysts, CEO Ethan Brown said the company wasn’t there yet. Beyond Meat has long said it hopes to scale up enough to bring the price of its plant-based offerings in line with animal-based products. ![]() In its most recent earnings report, the company blamed inflation for disappointing sales and downbeat outlook. On Tuesday, the stock was trading at around $16, a record low since its debut at $25 per share. Shares have fallen more than 90% from their 2019 high. It was a Wall Street juggernaut after its IPO in 2019, but since then has struggled to deliver on sales goals. ![]() Ramsey joined Beyond Meat in December last year, pivoting from a three-decade career at Tyson Foods.īeyond Meat had been a market leader in the plant-based meat space, alongside rival Impossible Foods. The driver of the Subaru told police that Ramsey “pulled him in close and started punching his body.” Ramsey also bit the driver, “ripping the flesh on the tip of the nose,” the news report said. The incident took place in a parking garage near Razorback Stadium at the University of Arkansas. It later released a brief statement announcing that Ramsey “has been suspended effective immediately.”įayetteville, Arkansas, news station KNWA, citing a police report, said Beyond Meat’s Ramsey “punched through the back windshield” of a Subaru that had hit the tire of his Bronco. The company didn’t respond to requests for comment on the arrest. Ramsey was released on an $11,000 bond the following day, according to court records. Police arrested the vegan food purveyor’s COO Doug Ramsey on charges of “terroristic threatening” and third-degree battery on Saturday night. Beyond Meat suspended its chief operating officer after he was arrested over the weekend on suspicion of biting a man’s nose during a fight following an Arkansas football game.
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