beyond meat inc’s notsogood 2022 took an ugly turn for the worse wednesday with quarterly results that lacked sizzle the maker of plantbased meat products bynd reported a net loss of 1005 million or 158 a share compared with a net loss of 273 million or 43 cents a share in the same quarter a year ago net revenue at 1095 million inched up 1 from 1082 million last year analysts polled by factset expected a net loss of 97 cents a share on revenue of 1124 million the results sent beyond meat’s stock spiraling down 26 in afterhours trading wednesday after plunging 14 to 2612 in the regular session beyond closed trading at its lowest share price since its ipo price of 25 “though we recognize that the decisions we are making today in support of our longrun ambition have contributed to challenging nearterm results including a sizable though temporary reduction in gross margin as we took costintensive measures to support important strategic launches we are confident in the future we are building while advancing our mission” beyond meat chief executive ethan brown said in a statement announcing the results beyond executives warned of “nearterm uncertainty related to macroeconomic issues including inflation and rising interest rates covid19 and its potential impact on consumer behavior and demand levels labor availability and supply chain disruptions partially attributable to recent geopolitical tensions” beyond also offered fiscal 2022 revenue guidance of between 560 million and 620 million analysts polled by factset expect 5807 million then there is the mcplant conundrum mcdonald’s corp mcd did not mention further expansion of beyond’s mcplant in the us during its earnings call last week after earlier disputing a report that it planned to keep the plantbased burger as a permanent menu item the confusion began after comments by mcdonald’s global chief marketing officer morgan flatley at fast company ‘s most innovative companies summit on april 27 in which flatley said the customer dining experience will “dramatically change” in the future and likely include “very established products” with beyond meat like mcplant beyond meat’s stock has cratered 60 so far in 2022 while the broader sp 500 index spx has dropped 17 beyond’s battering has shined a bright light on the plantbased meat market and its ripple effect impossible foods inc long rumored to be an ipo candidate is in a holding pattern based on recent comments from its new ceo peter mcguinness “i don’t think it’s a good time for anyone right now as the markets are so incredibly volatile” he told food navigator “and in the case of impossible the cash position is very strong so there’s plenty of investment to fuel all the growth so there’s no urgency on going public right now”