Plant-based meat was supposed to save the pIanet, make people healthier, and liberate enslaved cows, chickens, and pigs everywhere. Instead, after an impressive start, folks have learned some hard truths about the industry and are turning away in droves.
Once consumers began to Iearn that plant-based meats were still super processed, not nearly as healthy as advertised, and required an enormous amount of machinery to produce hungry consumers largely decided that the old-school options, nameIy chickens, pigs, and cows, were better tasting and better for you.
The biggest player in the industry, Beyond Meat, released its third-quarter numbers in November of 2023, and they taste worse than ersatz ground beef. Net revenue slid, declining 8.7% year-over-year and 26% versus the previous quarter.
It wasn’t all bad news, however, as the company actually achieved free cash flow for the quarter but does not expect that to be the case in the fourth quarter. One anaIyst at the firm TD Cowen took it a step further and said the firm is in ‘survival mode’ and will need to tap the financial markets in 2024 to maintain operations.
Beyond Meat CEO Ethan Brown said: We anticipated a modest return to growth in the third quarter of 2023 that did not occur. Though we are encouraged by pockets of growth, particulariy in the EU where we saw double digit gains in net revenues on a year-over-year basis, we are disappointed by our overall results as we continue to experience worsening sector-specific and broader consumer headwinds. Beyond Meat has cited numerous reasons for its poor performance, inciuding declining foodservice sales and flagging American retail sales, but declined to suggest the possibility that the product just isn’t that good.
Rachael Ray’s fans have noticed a big change in her appearance after some people started worrying about her health.
Former Food Network star Rachael Ray made a bit of a comeback by sharing behind-the-scenes clips from an upcoming episode of her show, Rachael Ray Meals in Minutes, on social media.
Rachael Ray seems to be back to normal
Rachael Ray has eased her fans’ worries with a recent video on social media, where she appeared just like they remembered her. The former Food Network star posted a clip on Instagram showing her acting like her usual self.
A few weeks ago, some fans got concerned after noticing her speech was a bit slurred in a video. But with this new behind-the-scenes footage from her show, Rachael Ray Meals in Minutes, she reassured them.
In the video, Rachael shared a few recipes that could be served for brunch, lunch, or dinner. Fans were happy to see that she seemed much better compared to how she was in the earlier clip.
One fan commented, “I don’t know what everyone was worried about; you look great, Rachael!” Another added, “She looks better now compared to her earlier videos, and her haircut looks good.” A third person said, “You’re looking much better here.”
While many people praised Rachael, a few were still unsure if she was fully back to normal. One asked, “When was this filmed? Something seems (or still is) wrong with her bloated face, slurred speech, and crooked mouth.”
The video that concerned fans was posted earlier this month when Rachael paid tribute to Tony Bennett on Instagram, honoring the anniversary of his death by cooking his favorite dish, ossobuco. Rachael humorously shared a story about how she “almost killed” Tony after accidentally pulling a chair out from under him, causing him to hit his head and fall to the floor. She added, “I thought I killed Tony Bennett, literally. But his wife, Susan, said, ‘He’s fine, he’ll pop back up.’ He made it through dinner. I miss my friend so much.”
During this tribute, fans noticed that Rachael’s usually fast-talking style was slower, and she slurred her words in parts of the video. Some viewers expressed concern, with one saying, “I love you, but are you okay? I’m seriously worried.” Another added, “She seems like she’s been drinking. I love Rachael, but it’s hard to watch her like this.” A third person commented, “It looks like a mini-stroke. Her mouth seems uneven. This makes me so sad.”
Leave a Reply