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.
If you see this beautiful purple thing washed ashore on the sand this summer, DO NOT touch it
For those fortunate enough to have some disposable income earmarked for a summer getaway (yes, vacations are becoming quite the luxury these days), here’s a crucial heads-up: keep your eyes peeled!
There exists a stunning purple specimen that occasionally washes ashore on beaches, and let me tell you, it’s not something you want to handle or, for that matter, taste!
Believe it or not, there have been instances where influencers have deemed it fit to sample these venomous “adorable” entities.
As alluring and exotic as they may seem, Portuguese man-of-war pose a significant threat to human well-being.
These sea dwellers resemble captivating blue or purple-hued bubbles bobbing on the water’s surface, adorned with lengthy, dark purple tentacles trailing beneath them.
However, it’s precisely these tentacles that make encounters with Portuguese man-of-war perilous, as they’re brimming with venom and proficient at administering a painful sting.
Whether encountered in the water or on the shoreline, these creatures should be steered clear of, as they retain their sting-inducing capabilities even days after being washed ashore, regardless of their apparent state of decay.
A brush with these deceptively charming organisms can lead to a range of ailments, including cardiac distress, fever, shock, painful inflammation, allergic reactions resulting in breathing difficulties, paralysis, and in rare instances, death.
In the unfortunate event of a sting, forget about the age-old myth of urinating on the affected area! Instead, seek immediate professional medical attention.
Urinating can actually exacerbate the situation. Opt instead for a cold compress to alleviate swelling and discomfort.
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