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.
Every morning the cat runs towards people and hopes that at least someone will like her
When a street animal approaches a person and begs for assistance or attention, very seldom does anyone respond.Everyone is rushing to get on with their own work and act as though no one is watching.And for pennies on the dollar, all of this results in the saving of a little life.
However, the boomerang law states that good efforts will undoubtedly be rewarded.This is the reason this cat was abandoned by his mother and kept apart from her at a young age.I wonder if these folks have no conscience at all or if they would ever experience regret?When the child realized he needed help organizing his life, he begged people to assist the cat, who had run towards people in the hopes that at least someone would adore him.Murzik raced to every bystander and sobbed pitifully, but nobody gave him any attention.
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But fortune continued to favor him.He was approached by a nice woman who called the volunteers, who showed up at the address right away and took him to the vet.Her illness was gastrointestinal, but it was manageable.The infant was taken to a picture session when she had recovered, and it was discovered that she was naturally gifted as a model.The volunteers were confident that she was extremely photogenic, as many people showed a wish to hold her in their arms.
However, lichen was also discovered to have affected him, and as a result, the owners’ search was put on hold.However, they set up a picture shoot once again after that.The cat was older, extremely graceful, and had a glossy, fluffy coat.After gaining the moniker “Musya,” she quickly relocated to a new home.
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