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.
What This Is And The Way Things Were Utilized Are Just Known By Legends.
Once upon a time, postal scales were a staple in homes and organizations the same. You’d thud your letter or package onto the scale, trust that the needle will stop its dance, and presto! You’d have your weight close by (or rather, in ounces). It was a basic at this point fundamental instrument for any individual who expected to send letters on the standard.
However, in this day and age of texting and email, you may be pondering, are postal scales still a thing? Indeed, the short response is indeed, they are. While they may not be just about as pervasive as they used to be, postal scales actually have their position in the realm of transportation and mailing. Organizations, specifically, depend on them to guarantee precise postage costs and keep away from any troublesome amazements at the mailing station.
Thus, that’s it, parents. The secret of the inquisitive contraption has been tackled. The humble postal scale may not be the flashiest of devices, however it sure takes care of business. Furthermore, who knows, perhaps next opportunity you run over one, you’ll see the value in its straightforwardness and utility a tiny bit of touch more.
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