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.
Mom issues warning after 10-year-old son collapses after playing in the ocean
A day at the beach is the best way to escape the oppressively high heat, but despite the fact that it might offer some respite, one mother from Massachusetts discovered that the shoreline also has a special set of risks.
She now wants to alert people to this.
Despite the fact that the incident occurred over a week ago, Heather Cassini reported that she is still “shaking.”
Declan, Cassini’s 10-year-old son, suddenly reported he didn’t feel well on July 4 as the 40-year-old mother and her were in Hampton Beach in New Hampshire.
Cassini wasn’t worried at first. Declan had been playing in the ocean, and it was hot.
In a now-viral Facebook post, Cassini wrote, “I thought the breakfast was just too much for the waves and he just needed to lay down.” Declan became “disoriented” and fell into a sunbather as soon as they started to head back so he could lay down.
He managed to get back up on his feet, but he fell to the ground once more.
Cassini told Today.com, “I’m trying desperately to pick him up because I’m pregnant.” He is throwing up and experiencing bouts of unconsciousness. He was really pale.
When a group of women sat close noticed the disturbance, they moved quickly to intervene. While monitoring his vitals, paramedics attempted to keep him warm and alert.
“May God bless everyone in our vicinity. She remarked, “There were so many nurses.”
“He was up and talking after what seemed like a lifetime. Cassini writes, “We got him to the car and waited for him to feel better.
Declan was found to have hypothermia due to the 52 degree ocean temperature.
Cassini remarked, “I had no idea that this could happen.” “I never thought about cold shock; you think about sunburns and dehydration and all the things that can happen in the water.”
Declan’s miraculous recovery has led Cassini to want to alert others to the risk of hypothermia in the summer.
“Just a heads up to parents who have children who adore the water and don’t feel chilly. It doesn’t necessarily follow that they can handle it just because they can.”
It never occurred to me that hypothermia could occur on a sweltering summer day! Not just for those who are parents, but for everyone, this is such a vital message.
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