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.
Еvidеnсе оf Jеnnifеr Lореz аnd Веn Аfflесk sрlitting uр соmеs tо light
Jennifer Lopez and Ben Affleck married in a whirlwind ceremony in 2022 in Las Vegas. Now, there are reports that the couple might be splitting up, which is incredibly worrying.
Keep reading to know more about what the evidence is.
It seems, according to reports Ben Affleck has been staying at a home without his wife, Jennifer Lopez. He was spotted by paparazzi leaving the home he is occupying solo as well.
The actor was seen in Brentwood, Los Angeles, leaving and going to a home he has been occupying without his wife, Lopez. According to the sources who have seen the actor, he has also been spending the night there.
Earlier this week, InTouch reported that Lopez and Affleck are done with one another. The story also suggested that Affleck had moved out of their marital home in Beverly Hills. And while it is not totally confirmed whether the actor has moved out of that home, it does seem that for the last week, Affleck has been staying in his Brentwood home.
However, both of them have been seen wearing their wedding rings throughout this time. While both of them have been seen solo in their engagements recently, Ben was noticeably absent on Lopez’s side at the Met Gala last week.
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