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.
The twins’ cute interaction goes viral on the internet..and then the unexpected happened
Since birth, Mia and Lily, identical twins, have shared an unbreakable bond that has kept them together. They enthrall everyone around them with their infectious laughter and cute antics, but especially their parents, who are frequently left in awe of the twins’ remarkable bond.
Playing in their backyard on a sunny afternoon, Mia and Lily discover a secret treasure trove beneath a pile of leaves that has fallen. They open the chest with excitement to find a variety of vibrant balloons within. They decide to blow up the balloons and throw their own small party, giggling with glee.
Mia and Lily playfully engage in a range of amusing behaviors, such as whispering secrets to one another and imitating ridiculous dancing moves. Their chuckles reverberate throughout the community, capturing onlookers’ and neighbors’ attention.
The twins have no idea that their sweet interactions are being recorded on camera by a neighbor who is in the neighborhood taking pictures of a family gathering. The neighbor posts the video on social media, where it soon starts to acquire steam, after being moved by the twins’ sincere friendship.
The endearing exchange between Mia and Lily is captured on camera, and within hours the video goes viral and takes the internet by storm. The twins’ real devotion and connection inspire viewers from all over the world, inspiring them to leave touching comments and share the video with their friends and family.
As the video gains popularity, strangers who are moved by their girls’ endearing relationship flood Mia and Lily’s parents with messages of love and support. The twins are too preoccupied with spending time together and making new experiences to be cognizant of their sudden celebrity.
Ultimately, Mia and Lily’s endearing exchange cheers everyone who watches the movie and serves as a reminder of the strength of love and connection, demonstrating that sometimes the most basic things may have the greatest influence on our emotions.
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