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.
A former prison guard from Mississippi loses her job for caring for an inmate’s newborn, and her perspective
Roberta Bell’s journey is a moving exampl
influence that one person can have when motivated by empathy. Roberta, a 58-year-old mother of five and grandma of eight who resides in the charming city of Vicksburg, Mississippi, is regarded by many as a hero. Her life took an unexpected turn this year, showing the world the power of love and bravery to transform lives.
Roberta met pregnant convict Katie Bourgeois, who was almost out of prison, while she was a correctional officer at the Louisiana Transitional Center for Women. Katie was in a terrible predicament because she had no relatives to support her after her kid was born. Roberta took the crucial choice to take care of the baby until Katie could return home while Katie was unable to do so.
There were, however, repercussions to this choice. Roberta was sacked from her job at the correctional facility after her supervisor saw a conflict of interest in her conduct. For Roberta, though, it was a minimal cost. Kayson, Katie’s son, was born just over a week after she lost her job. Roberta had been looking forward to his visit to the hospital. She brought him home, clothed him tenderly, and held him in her arms, showing him the tenderness and love of a mother.
Kayson was under Roberta’s care for two months before Katie was able to see her son again. Even though Roberta was going through a difficult time personally, her compassion and selflessness were evident when she said goodbye to the infant to whom she had been so close. Millions of people were moved by her heartfelt and real narrative of generosity, which struck a chord with people everywhere.
Donations poured in from people moved by her story; diapers, formula, and other necessities arrived. Numerous kind presents from strangers adorned Roberta’s living room. Even more astonishingly, their contributions added up to an incredible $90,000. Even though she was unemployed, Roberta kept giving back, using some of the money she was given to assist a fellow pregnant prisoner who was having financial difficulties.
That was not the end of Roberta’s quest. Rather, it opened a new chapter in her life. Since then, she has started a new project that she is very enthusiastic about called The Serenity House. The Serenity House, which is situated in the serene Mississippi countryside, is being renovated to serve as a haven for women reintegrating into society after serving time in jail. Roberta is committed to giving these women a place where they can find direction, support, and a feeling of belonging, just as much as she had loved her job at the prison.
Roberta gladly answers every call that comes in asking for her assistance; her phone is always vibrating. Her experience is a prime illustration of how one individual, driven by compassion, understanding, and a steadfast faith in second chances, may significantly impact the lives of others.
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