The most frugal person in the world was my granddad. After he d!ed, he gave me a $30 gift card. I decided to use it rather than give it away for whatever reason. My life had periods before and after that incident. The checker’s face went white when I handed her the card. Cashier: Where did you acquire that? That’s not feasible.
Me: Well, It belonged to my grandfather. “STOP EVERYONE!” said the cashier. Our store has been holding a secret contest for ten years, and the winner is IN FRONT OF US! Telling the customer that the gift card was a unique promotional item with a million-dollar prize that had been unused for years made the cashier quite happy. The store manager walked over to confirm what I already knew to be true, and I stood there in disbelief. My grandpa’s “stingy” present became a fortune that abruptly altered my entire life and my prospects. The story’s lesson is that being a cheapskate implies you like to maximize every dollar. However, there are occasions when it feels good to treat the people you care about with your hard-earned cash. Spending a lot of money is not necessary. Giving them a treat or the lovely present they’ve always desired is a great way to let them know you care.
Fake Meat Industry Gets Cold Shoulder From Consumers Again As Beyond Meat Faces…Meat
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.
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