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.
Virаl Рhоtо Оf Dаd Аt Ваskеtbаll Gаmе Тurns Неаds Оnlinе
Michael McGuire, a hardworking coal miner, didn’t let a shift covered in dirt stop him from sharing a special basketball game with his son at the University of Kentucky’s Rupp Arena. The heartwarming scene was captured in a viral photo that struck a chord with none other than University of Kentucky Men’s Basketball Coach John Calipari.
During a press conference, Coach Calipari revealed that the photo hit him “right between the eyes.” He took to Twitter to shаrе the poignant image and express why it resounded with him: “My family’s American dream started in a Clarksburg, WV coal mine, so this picture hits home.”
The coach was determined to give the McGuire family a memorable experience, and he reached out to Michael’s wife, Mollie. According to Mollie, her husband is a dedicated and selfless father who frequently makes the effort to spend quality time with their son, even after grueling work shifts. “He’s done this many times,” Mollie conveyed.
Photo Credit: CBS News
Upon connecting with Michael, Calipari discovered that he was willing to forgo a shower and a change of clothes, all to make it to the game with his son. Michael’s commitment to his family left a deep impression on the coach.
“His wish was to be there with his son. That’s what truly mattered,” Calipari affirmed. The coach learned that Michael rushed to the game right after his late shift in the mine, displaying unwavering dedication.
Following the photo’s viral spread, acts of kindness began pouring in. Hotels extended offers for accommodations, restaurants reached out with invitations for dinners, and even a car dealership offered a car to the humble coal miner.
Calipari expressed his admiration for the outpouring of support and recognition Michael received. He underscored the significance of acknowledging hardworking individuals likе Michael and commended their values. “Isn’t it wonderful for someone likе him, who is a quiet, humble guy, to know that people appreciate him, and we appreciate what he stands for?” Calipari mused.
Drawing a personal connection, Coach Calipari highlighted that his own family’s journey began in a coal mine in Clarksburg, West Virginia. This sense of shаrеd beginnings fueled his determination to ensure that the McGuire family felt valued and appreciated.
Photo Credit: CBS News
Within mere minutes of seeing the viral photo, Calipari made up his mind: “I’m taking care of this guy and his family.” The coach’s gesture reflects a deep-seated appreciation for hardworking individuals who hold family values close to their hearts.
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