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.
Jada Smith’s son made a request that she could not accept, hurting her heart
Raising children in the spotlight is difficult; Jada and Will Smith understand this better than anyone.
Despite criticism from family and friends, especially Jada’s mother, they have tried their hardest to raise their two children, Jaden and Willow, with love and care.
Being a parent in the public eye is a challenging task. Still, they continue to demonstrate strength in the face of any problems that come their way as they attempt to provide a secure environment for their children to grow up in.
The Smiths had been through many hardships, especially when their son said something hard for Jada to understand.
Despite its appearance, growing up with famous parents provides a distinct set of challenges, such as being judged on a different scale than other children and having difficulty determining one’s true identity.
Will Smith and Jada Pinkett-Smith faced a dilemma when their 15-year-old son Jaden declared wanting to leave the family home and become self-sufficient.
Even though they were shocked and upset by the news, Jaden’s parents eventually supported his bold move toward independence.
Jada’s mother, Adrienne Banfield-Jones, doubted the decision but finally trusted her grandson’s judgment.
Despite all the media attention from his fame, Jaden found balance with courage and wisdom beyond his years.
Jaden’s parents had to impose restrictions because he had decided to go vegan but was not meeting his dietary needs. His mother, Jada, realized that giving her kid more freedom to make his own decisions would benefit them.
So, even if Jaden didn’t go through with his original plans, they still gave him the freedom he wanted. However, it wasn’t enough, and his health suffered due to insufficient dietary information.
Jaden knew his lifestyle threatened him, so he became a vegetarian.
In addition to this change in diet, Jaden also changed how he ate. He ate more often and became more aware of how inadequate nutrition affects the body.
Jaden left his parents’ house in 2017 for a fresh start. His move brought him to Hidden Hills, only a few minutes from his parent’s house.
Even though they live far apart, Jaden stays close to his family and looks to them for advice and direction.
Leave a Reply