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.
Michael Phelps’ Wife: Former Miss California and Her Stunning Support in His Struggles
The Olympic legend Michael Phelps, known for his extraordinary accomplishments, never ceases to wow fans with his combination of personal charisma and physical brilliance.
A remarkable 28 Olympic medals, including an unparalleled 23 golds, have cemented Phelps’s place among the greatest sportsmen of all time.
Phelps, who was born in Baltimore, Maryland, on June 30, 1985, began swimming at a young age and went on to become a worldwide sports superstar. His outstanding Olympic accomplishments have established him as a champion of the highest order.
Whenever someone is discussing who the best Olympian of all time is, people like Usain Bolt, Carl Lewis, and Nadia Comaneci are usually mentioned.
But Michael Phelps is unrivaled in terms of the sheer quantity of medals. His twenty-three gold medals exceed the amount of the majority of Olympians, including some accomplished swimmers.
Other than the likes of Jenny Thompson, Matt Biondi, and Mark Spitz, no swimmer has ever achieved the historic number of gold medals that Michael Phelps has.
Beyond his in-pool accomplishments, Phelps has won love and respect from people all across the world. Devoted followers have flooded his Instagram with comments, referring to him as their “idol” and “legend.” Some have even confessed to having a “crush” or being “obsessed” with him.
Even though Phelps has had a fantastic sporting career, the public is also fascinated by his personal life. Upon accepting his awards for Best Record-Breaking Performance and Best Male U.S. Olympic Athlete at the ESPY Awards, Michael Phelps conveyed his happiness in commemorating these events with his family. He has a special place in his heart for the ESPY Awards because he met his wife, Nicole Johnson, there more than ten years ago.
Nicole Johnson is not just gorgeous; she has been a staunch advocate for Michael Phelps. She has demonstrated her dedication to their shared objectives by actively participating as an Ambassador for the Michael Phelps Foundation since 2015.
Johnson has a history in modeling and beauty pageants, and VC Star lists Miss California USA as one of her accomplishments in 2010. In addition, she placed second in the Miss California National Teenager competition in 2004 and placed in the top 15 during her debut compete at Miss California USA in 2006.
Viewers have observed Johnson’s grace in the pictures Phelps posts on social media. She is regularly praised by admirers who call her “cute,” “pretty,” and “absolutely beautiful.” Fans admire the couple for their close bond and remarkable appearances; they value their bond just as much as Phelps’s sporting achievements.
Nicole Johnson is an important source of support for Michael Phelps despite his outward look. She helps him deal with his worry and melancholy. Phelps has been open about his struggles with mental health and frequently gives his wife credit for her unwavering support.
Nobody else could provide me with the kind of support that she has. In an interview with Today, Phelps said, “She’s the glue that holds all of us together.”
Phelps and Johnson are parenting Boomer, Beckett, Maverick, and Nico, their newest kid, together.
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