wall street journal
The company did not immediately respond to requests for comment.
Subaru’s driver told police that Ramsey “pulled her to him and began punching her body.” The news report said Ramsey even bit the driver “while ripping the flesh at the tip of the nose”.
Beyond Meat was the market leader in the plant-based meat space, along with rival Impossible Foods. It was a Wall Street juggernaut after its IPO in 2019, but has struggled to meet sales targets since then.
Shares are down more than 90% from 2019 highs.
On Tuesday, the stock was trading at around $16, a record low since its debut at $25 per share.
In its most recent earnings report, the company blamed inflation for disappointing sales and a downbeat outlook. Beyond Meat has long said that it expects the price of its plant-based offerings to scale enough to bring them in line with animal-based products. But in an earnings call with analysts, CEO Ethan Brown said the company wasn’t there yet. Beyond’s “beef” costs $8.35 per pound, compared to USDA ground beef, which sells for $4.90.
“It’s a very difficult proposition when consumers have ongoing high levels of inflation and their purchasing power in grocery is dwindling,” Brown said.