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.
She had several siblings and was homeless when she was born. Years later, she became a famous star
In the chilly depths of 1946, amidst the Tennessee mountains, a tale unfolds, a tale woven around a little girl born into a clan of twelve siblings. Despite their humble circumstances, her brothers deemed her the epitome of beauty, their unwavering devotion a beacon of solace through tough times. While some neighbors argued that their financial struggles were akin to others’, the family’s fierce love for the newborn remained unshakeable.
Raised in a household where a bounty of siblings was the norm, the girl inherited her father’s resolute, business-minded spirit, coupled with her mother’s creative flair and spiritual depth. It’s from this blend that her remarkable journey finds its roots.
From early days in church, she discovered her gift for song, fueled by a stubborn determination. Authenticity became her creed, before fame adorned her, she adorned herself in her mother’s handmade garments fashioned from sacks and scraps, defiantly unique despite warnings from patriarchs.
That tenacious spirit blossomed into none other than Dolly Parton, now a titan of country music at 77. Her legacy spans far beyond melodies, with a charitable empire worth $500 million and a repertoire of 3,000 songs echoing worldwide.
Though not touring presently, Dolly remains industrious, composing melodies aplenty. Yet amidst her bustling career, she remains devoted to Carl Dean, her husband of 1966. Their enduring bond, whether traversing the country in their RV or nestled at home, is her true joy.
Dolly’s life stands as a testament to the triumph of love, creativity, and sincerity over adversity, a living testament to perseverance and the enduring power of the human spirit.
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