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.
LIAM HEMSWORTH AND GABRIELLA BROOKS STUN ON RARE RED CARPET DATE – SEE THEIR GLAMOROUS PICS!
Liam Hemsworth and his girlfriend, Gabriella Brooks, went out for a date night at the London premiere of Furiosa: A Mad Max Saga.
On Friday, May 17, Liam, 34, and Gabriella, 28, posed for photos on the red carpet. Liam dressed casually in a baseball cap, black sweatshirt, and jeans, while Gabriella wore an elegant black silk dress.
Liam’s brother, Luke Hemsworth, 43, joined them on the red carpet. They were there to support their other brother, Chris Hemsworth, 40, who stars in the movie as the villain Immorten Joe, opposite Anya-Taylor Joy, who plays Furiosa. The movie premieres in theaters on May 24.
Liam’s appearance at the premiere comes while he is filming the fourth season of Netflix’s The Witcher. He is taking over the lead role of Geralt of Rivia from Henry Cavill. Netflix plans to film the fourth and fifth seasons back-to-back.
Liam and Gabriella, who have been dating since 2019, are usually private about their relationship on social media. They only post photos of each other occasionally. In March, Gabriella shared a photo of Liam in a series of pictures on Instagram of her swimming in the ocean. She captioned the post, “First swim of Spring it was freezing :),” and included a photo of Liam smiling in a car. Before that, she posted a picture of them together in December 2023 at the National Gallery of Victoria in Melbourne.
The couple was first seen together in public in December 2019, having lunch with Liam’s parents in Byron Bay, Australia. A source told Us Weekly at the time that Liam’s family likes Gabriella, which is very important to him. The insider also said that Liam feels comfortable with her.
In December 2021, Gabriella explained to Stellar magazine why she likes to keep their relationship private. She said, “My personal relationship is very, very important and very sacred to me. In an industry where so much is put out on show, there are some things you just want to keep to yourself. I understand the interest in our relationship, but at the end of the day, I like having that for me.”
Leave a Reply