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.
Paris Hilton Shares Genuine Family Pics, but People Are Saying the Same Thing
Paris Hilton’s 8-month-old daughter, London, is visiting the capital of England for the first time. The socialite shared some adorable posts from their trip to the city that shares her daughter’s name. Fans gushed over the little girl’s cuteness, and people were quick to share their opinions about her posts.
The 43-year-old heiress posted an adorable video of herself showering her baby daughter, London Hilton Reum, with kisses during their inaugural trip to England’s capital. “London is in London!” exclaimed Paris at the start of the video. She then added, “Hi, smiley girl!”
Paris’ post served as a glamorous promotion for her family’s renowned hotel, The London Hilton. She included hashtags such as #ItMattersWhereYouStay, #HiltonPartner, and #HiltonForTheStay to highlight the partnership.
A few days later, the TV personality shared a series of new photos featuring her husband, Carter, their daughter, London, and their son, Phoenix, posing at the entrance of The London Hilton. She captioned the post, “London Hilton at The London Hilton!” and once again included the promotional hashtags.
Fans quickly showered the star with compliments about her adorable family, especially noting how cute the little girl is.
One person remarked, “Can we talk about how cute London looks in pink?” while another added, “London is already a sliving icon.” A third exclaimed, ’’Your family is ABSOLUTELY BEAUTIFUL!!! Little Miss London Hilton looks just like you and your siblings when they were babies!!!
While the photos are undeniably sweet and picture-perfect, people online expressed concern about the socialite leveraging her family to promote her business, as one observer noted, “Using her baby to promote her business. Classic.”
Our hearts are warmed by looking at this beautiful family. Another celebrity child who recently captivated attention with her stunning beauty is Jason Momoa and Lisa Bonet’s 16-year-old daughter Lola. You can see her gorgeous photos here.
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