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.
Dick Van Dyke, 98, Shocks Fans with Sudden Public Appearance Cancellation—Find Out Why
American actor and comedian Dick Van Dyke has canceled his much-anticipated appearance at the FanX Salt Lake Comic Convention. Fans are now worried and sending their prayers.
FanX shared the news on September 21 via a statement on social media and their website.
“We regret to inform you that Dick Van Dyke cannot travel to FanX. He appreciates all the support from his fans, but at almost 99 years old, traveling and meeting thousands of people is more than he can handle right now,” the statement said.
The message emphasized that although Van Dyke is still loved by many fans, the physical demands of public appearances have become too difficult for the legendary entertainer.
Once the news broke, fans quickly took to social media to share their thoughts and prayers for the beloved actor. Many recognized how demanding public events can be for someone approaching their 99th birthday, but they still expressed their worry and love for him.
Dick Van Dyke’s lighthearted remark about praying to make it to his 99th birthday perfectly captures the candid and playful spirit he’s always had, even when discussing his health.
With his December 13 birthday approaching, fans are rallying around him, sending prayers and positive messages. They all share the same hope—that he stays healthy and happy for many more years to come.
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