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.
In just 6 seconds, the fish in the cornfield can only be seen by individuals with outstanding observational abilities!
Unveiling the Challenge: A Mesmerizing Optical Illusion
Prepare to be captivated by an intriguing optical illusion, where a cunning fish expertly conceals itself amidst a cornfield.
The Genius Test: Rise to the Challenge
Only those with exceptional observation skills can meet the challenge of spotting the hidden fish within a mere 6 seconds. Do you possess the genius required?
Unraveling the Mystery
The image presents a delightful scene of people enjoying playful activities in the enchanting cornfield. Yet, within this idyllic setting, a cleverly camouflaged fish lies hidden.
The 6-Second Quest
Your task is to locate this elusive fish within just 6 seconds. Ingeniously positioned from right to left, the exact locations of the fish are indicated below.
Spread the Joy: Share the Challenge
Share this enthralling challenge with your friends and family, bringing a dose of love, light, and positivity to their day.
Encouraging Participation
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