Investors tasted the products and believed the proclamations that plant-based meat may one day soon compete at scale with conventional meat.

The company is using data to better manage out of stocks.

Category softness, inflation and competition were cited as reasons for the changes.

Combined company will have approximately $210 billion in annual sales.

Company plans to continue raising prices in the second and third quarters.

The JBS plant-based business will close the facility soon. 

The company is expanding beyond subscriptions.

More people seeking value and eating at home benefited the company.

The company said the category makes up between 13% and 15% of sales.

Laxman Narasimhan will take over in April 2023.