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.
Son donates hair to his mom who has been battling a recurrent brain tumor for nearly 20 years
What was intended to be a joke ended up being one of the greatest gifts a mother could ever have from her son.
An Arizona guy grew out his hair for over three years in order to give it to his mother, who lost her hair due to radiation treatment.
Matt Shaha declared, “It makes perfect sense.” “In the first place, she gave me the hair.”
Melanie Shaha battled a benign brain tumor for many years.
She remarked, “I had surgery twice, in 2003 and 2006, for a pituitary tumor that was recurrent and benign brain tumor.”
After two successful surgeries to remove it, she was prescribed radiation in 2017 when it reappeared.
“I inquired with my doctor, ‘Will my hair fall out?’” and they replied, “No.”
She lost her hair three months later.
A TWO-DAY WEEK…
She remarked today, “When you don’t have hair, you stand out like a sore thumb and kind people can say things that make you cry.” “Looking sick bothers me more than actually being sick.” At the store, I’d want to fit in rather than stand out.
Shortly after Melanie started experiencing hair loss, her son, who is 27 years old, made a joke one day about growing his hair out and getting a wig for her.
I began working with Matt Shaha a year ago, and he is one of the most giving people I have ever met. Among the original…
Even though Melanie’s son was receiving such a nice offer, she didn’t want to burden him with it.
But Matt had a different perspective. For the next 2.5 years, he let his hair grow out. He went to his mother’s house with a few coworkers when his hair was at the right length, and they chopped it off.
I began working with Matt Shaha a year ago, and he is one of the most giving people I have ever met. Among the original…
Melanie remarked, “We were so excited that we started crying when they started cutting.”
He even paid the $2,000 to have the wig created when the time came.
The mother and son team discovered a wigmaker who created a lighter and more comfortable wig by hand-stitting the hair. Melanie had the wig trimmed and styled as soon as it arrived.
“It’s the first time I’ve seen my mom look like that since she lost it, so it’s been about four years,” Matt remarked upon seeing her in it.
Melanie, smitten with her new appearance, conceded that surpassing her son’s present would be difficult. “It definitely fills your heart.”
Melanie is very happy! Look at her expression! Matt is even grinning broadly. For them both and their families, I adore this.
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