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.
Ве а gеnius аnd find thе diffеrеnсе! Givе it а gо!
Welcome to yet another enthralling visual challenge where your powers of observation will be put to the test, uncovering hidden details and unraveling intriguing narratives!
Envision a scene: two young men, perhaps brothers, sharing a moment pregnant with untold stories.
One, arms crossed, wears a visage of frustration, a whirlwind of emotions brewing within.
Yet amidst the apparent similarities lies a subtle incongruity, a difference that dares even the least attentive eye to discern.
Could it be an environmental detail? A unique gesture? Has the expression shifted?
The quest for answers transforms into a captivating journey where every keen glance holds significance in the pursuit of identifying the discordant element.
Prepare to delve into the emotions captured within this captivating image.
This endeavor will not only assess your knack for spotting details but also beckon you to decipher the narrative woven into the scene.
May this pursuit of discrepancies be adorned with thrilling revelations!
The moment has arrived to unveil the enigma of “Spot the Difference: Upset Brother”!
If you’ve remained astute to the minutiae, the solution to this exhilarating task is poised to unfold.
Behold the long-awaited revelation, vividly spotlighting the disparity between the two images.
If you’ve accurately discerned the variance, congratulations on your sharp visual acumen!
Did you notice the subtle difference in the sneakers?
Share your observations with us in the comments below!
We extend our heartfelt gratitude to all participants for embarking on this odyssey of observation and scrutiny.
Continue honing your visual prowess, as new enigmas and challenges await you in the realm of the “Quiz for Geniuses”.
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