Diving Briefs:
- According to the information shared with food diving, it takes a long time to pay the bills beyond meat because the famous plant -based meat companies suffer from decreased sales.
- Creditsafe’s data has more than doubled over the past 12 months of the DBT (DEACONS BEYOND TERMS) (DBT) and the company’s bills after the deadline. The delay increased from August 8, 2024 to July 19 this year. The industry average is 12 days.
- According to media reports, the company may soon lack money. Beyond the meat, he refused the claim, and the spokesman said to the food diving, “We did not apply for bankruptcy or planned to apply for bankruptcy.”
Dive Insights:
When the love of vegetable food spaces was loved, sales declined sharply as consumer consumption plummeted beyond meat. Economic uncertainty and concern about the processed characteristics of the product have been pushed into a cheaper animal option.
Beyond meat, there were cash and cash such as cash The company said in the most recent import announcement of $ 133 million as of June 28, compared to $ 132 million at the end of 2024. Company in May Plant -based non -profit organizations raised $ 100 million.Provides the necessary cash for alternative meat companies.
Creditsafe estimates that it has $ 1.2 billion over meat. About half of the claims were one day compared to about one -third of September 2024 between July 1 and 30.
Ragini Bhalla, the brand manager of Creditsafe, said, “The delay to the supplier shows that the company can experience liquidity pressure.
During the second quarterBeyond the meat, which ended on June 28, meat decreased by 19.6%year -on -year to $ 75 million, while net losses improved to $ 2.92 million to $ 5.3 million.
Ethan Brown, CEO of Ethan Brown, was “disappointed” at the time, and the company was appointed as the chief executive of temporary conversion to draw the company’s processing and restructuring efforts. He also announced plans to reduce 6%of the workforce.
BEYOND BEYOND BEYOND BEYOND did not specifically mention the credit value data, except that the company pointed out the line of the report, “I cannot guarantee the accuracy or completeness of information.”
