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.
I Checked into a Hotel and Found Out My Husband Was There Too, but with Someone Else
When Clara met a woman at the hotel who turned out to be with her husband, Tom, her adventure took an unexpected turn. Clara’s initial reaction to the betrayal was a mixture of astonishment, bewilderment, and wrath. She refrained from letting these feelings completely control her, though. Rather, she moved to exact some sort of retribution on Tom and his mistress.
Clara made the decision to speak with Tom face-to-face. She was blunt in her expression of disappointment and self-worth. She was quite clear that she expected better from him and that his behavior was intolerable. Tom did not reply or make an effort to defend himself, but Clara was unwavering in her resolve to dissolve the union.After learning this information, Clara felt strong and realized she deserved a spouse that respected and valued her.
Clara took comfort in her career and its potential even as she struggled with the betrayal. She knew that greater things were coming, so she set out to pursue her career with a sense of resolve.In the end, Clara’s handling of the matter demonstrated her fortitude and resiliency in the face of difficulty. She made the decision to put her own health and opportunities for the future first, and she went on with a fresh sense of purpose.
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