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.
How This Actress, 96, Survived and Thrived After She Was Once Left Alone with 2 Kids & Made $35 a Day
Marion Ross’s life story truly embodies resilience and warmth. Famous for her role as Marion Cunningham on *Happy Days*, she portrayed the quintessential American mother—a character who was not only adored on screen but was close to her own caring nature. Ross’s journey from Watertown, Minnesota, to Hollywood success was shaped by her determination and passion, even as she faced challenges in her personal life.
Her marriage to Freeman “Effie” Meskimen presented difficult times. Despite outward appearances, their life was far from perfect, with Freeman’s struggles with alcohol adding strain. After their divorce, Marion had to balance single motherhood and her career, often renting out a room to make ends meet. Yet she persevered, ultimately finding fulfillment in both her role on *Happy Days* and in her life.
At 60, Marion found love again with actor Paul Michael. Their relationship blossomed into a deeply affectionate partnership that brought happiness into her later years. Though Paul passed away in 2011, Marion’s joy for life never dimmed. She retired from acting a few years ago, choosing instead to focus on spending time with family, especially her son, Jim, who often shares touching moments with her on social media.
Now nearing 96, Marion Ross remains an enduring inspiration, celebrated for both her career and her personal strength. Her journey speaks to the power of resilience, love, and living with joy, making her a beloved figure for fans old and new.
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