Quorn parent financial filings illustrate the grind

The meat alternatives business of Monde Nissin Corp., the Philippines-based parent of the Quorn mycoprotein brand, continued to grind out declining sales and net losses in 2024, although to a lesser degree than in past financial reporting periods.

In a Form 17-Q report filed with the US Securities & Exchange Commission, Monde Nissin reported that its meat alternative segment — essentially the UK-based Quorn brand — saw sales drop 4.2% in the first half of 2024, to ₱6.79 billion (US$120…