In earnings reports for 2021, two of the sector’s closely watched publicly held companies gave analysts and investors plenty to worry about.
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The comments were music to alt-meat players’ ears — if the music was “The Imperial March,” Darth Vader’s theme music from “Star Wars.”
“After years of spectacular growth, the [plant protein] category has in fact stalled. … Consumers’ needs simply were not met and they did not repeat purchases.”
— Curtis Frank, president and COO, Maple Leaf Foods
“Costs increased for both the manufacturing we do within our own facilities as…