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.
“She’s a real Thumbelina” – Meet the girl who’s only 99cm tall and defied all the odds
Kenadie Jourdin-Bromley, a Canadian child from Ontario, seemed ordinary at first glance.
She had high hopes for the future, loved sports and drawing, and went to school.
Nonetheless, one characteristic set Kenadie apart from her peers: her diminutive height of 99 centimeters.
Reports state that when Kenadie was born in February 2023, she weighed a mere 2.5 pounds. Her condition was quickly diagnosed by doctors as an uncommon form of cardiovascular disease, thought to affect only 100 people globally. The nurses dubbed her “Thumbelina,” quite fittingly.
Regretfully, Kenadie had slim chances of surviving.
According to reports, the girl’s condition can lead to complications like delayed mental development, respiratory issues, and digestive issues. Doctors at the hospital where the girl was born were concerned that she wouldn’t have much time to live due to her brain injuries.
Understandably, her parents were devastated. In order to give their little girl a name in case she passed away, they chose to christen her on the day of her birth.
“We thought we were going to take her home to die, because that’s what the doctors told us,” mom Brianne explained to Barcroft TV back in 2016.
Still, as the days went by, Kenadie steadfastly refused to give up. After she triumphed over all the challenges and hardships, her parents were able to dream again that she would survive. It was nothing less than a miracle for them.
Many years later, Kenadie still astounds everyone she encounters. She is only 99 centimeters tall, her arms and legs are still immature, and she struggles to learn new things, but she is a content young girl who enjoys life to the fullest.
Kenadie reportedly enjoys bowling and ice skating. Above all, she makes people happy that she meets.
“Kenadie makes me laugh. She’s very empathetic – if you hurt your finger she comes and gives you a hug. She’s got an infectious laugh that makes you want to laugh along with her,” Kenadie’s assistant Jessica Putnam mentioned to Barcroft TV in 2016.
Naturally, Kenadie and her family face many new challenges in their lives. Despite her loved ones’ best efforts to take each day as it comes, the young girl is continuously dealing with medical issues.
“My hope for Kenadie’s future– my biggest hope for her– is I want her to be happy. I want her to smile and be successful. If we can get through today, then we’ll see about tomorrow,” her mom said.
We are happy to share Kenadie’s inspiring story!
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