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.
Healthy Pickled Beets
Components:
Seven big, fresh beets
One vinegar cup
A half-cup of sugar
Half a teaspoon of whole cloves
Half a teaspoon of whole allspice
A half-teaspoon of salt
Guidelines:
Now let’s talk about the beets. Give them a thorough cleaning before chopping off the tops, leaving approximately one inch. Put them in a Dutch oven with water on top of them. After bringing the water to a boil, cover and cook the beets gently for 25 to 30 minutes, or until they are soft. When finished, carefully remove them from the water and allow them cool.
Once the beets have cooled, remove the skins and cut them into the desired shapes. Sliced beets should be placed in a basin and left for a short while.
Next, place the vinegar, sugar, salt, allspice, and whole cloves in a small pot. It should take around five minutes to bring this mixture to a boil. Pour the boiling fluid over the beets that have been cut into slices.
Before serving, the beets should be chilled for at least an hour for optimal results. You just need to drain the liquid and your delicious pickled beets are ready to eat!
These nutritious pickled beets are a great way to start a meal or as a light snack.
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