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 Deadly Online Trend That Claimed an Innocent Life
Youngsters frequently lack awareness of the dangerous outcomes that can result from heedlessly adopting trends they come across online. Sadly, Tommie-Lee Billington, an innocent 11-year-old kid, lost his life as a result of this ignorance. His bereaved family is now alerting people to the risks that can be found on social media.
Tommie met a risky challenge on TikTok at a stay at a friend’s house, which led to the tragic event. To reach a high in this specific task, you had to inhale hazardous gasses or solvents. Tommie’s heart stopped abruptly, which was shocking and led to his untimely death.
This tragic loss is not an uncommon occurrence. In addition, two teenage girls perished while taking part in the same risky TikTok “challenge.” To safeguard our kids, we must raise awareness of this potentially fatal tendency and take appropriate action.
Sherry, Tommie’s mother, has resorted to social media to encourage parents to talk openly with their kids and stop them from acting riskily on TikTok. She shares on Facebook, “This cost my son his life from trying something other kids are doing,” in an emotional post. Please discuss the repercussions of this with your kids. I don’t see why someone would even attempt this! It’s really risky!
Sherry goes on to convey her pain and her determination to honor her son’s legacy by spreading awareness and preventing other kids from suffering the same terrible destiny. Let’s band together to help Tommie’s family through this awful period of loss and make sure that no other youngster is harmed by this dangerous trend.
Peace be with you, Tommie. We are so sorry for your family. Let’s now work together to promote this very essential message to ensure that no child dies needlessly.
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