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.
Breaking: Robert Pattinson and Suki Waterhouse Welcome First Baby, Share a Tender Photo
Robert Pattinson, known for his role in Twilight, and Suki Waterhouse have been in a steady relationship for over five years. Now, the couple is celebrating the arrival of their first child and has shared the baby’s first photo.
A special pregnancy announcement.
At the Corona Capital Festival in Mexico, Suki Waterhouse shared a personal surprise with her audience. Dressed in a radiant pink dress and feathered coat, she teased the crowd saying, «I’m extra sparkly today because I thought it might distract you from something else that’s going on.» With a dramatic gesture, she opened her coat, revealing her pregnancy to the excited fans.
The couple was seen on a walk with a baby stroller.
Suki Waterhouse, at the age of 32, has embraced motherhood. She’s recognized for her contributions to acting and music. Alongside her, Robert Pattinson, who is 37, was seen casually walking in Los Angeles, pushing a pink stroller. The couple’s relationship became public around July 2018 and by the year’s end, they were prepared to progress in their relationship. An insider has verified, «They are engaged. They both want to be married. It’s important for them.»
Suki shared the baby’s first photo.
On April 4, the actress and singer shared a glimpse of her newborn with the world. While the couple has kept the baby’s name and gender private, a photo shows the new mother lovingly looking at the camera, cradling her infant wrapped in a blanket adorned with hearts.
The caption for this tender snapshot read, «Welcome to the world angel ❤️.»
Another famous celeb who recently became a proud mama again is Gal Gadot. Read the full story here.
Preview photo credit Jordan Strauss/Invision/East News, sukiwaterhouse / Instagram
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