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.
John Legend and Chrissy Teigen revealed they secretly welcomed fourth child – everything we know about their journey
John Legend and Chrissy Teigen had a difficult miscarriage before to the birth of their third child, and they have been transparent about it.
The couple has since revealed how, in secret, they welcomed a fourth child using an alternative way.
To learn more about the Wednesday birth announcement of their son, scroll down.
The couple was helped by a surrogate named Alexandra, and they did something amazing to show their gratitude for her support in welcoming their child into the world.
The minute we chatted with her, I knew she was the right person for us. “All of our goals and desires came true,” Chrissy wrote. “I wanted to rest my head on her belly and feel the kicks and hiccups, I wanted our kids to play, I wanted dinner together, and I wanted to be her friend. I desired for them to be in our lives for as long as possible.
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She talked about how Alexandra “fought to get ready for a second transfer,” enduring “the mental toll” that came with it, and sacrificing “her own body” for surgeries.
Esti, the couple’s daughter, was being carried by Chrissy Teigen concurrently with the other two ladies. Alexandra writes that they “were overjoyed” to find that she was having a son.
Chrissy reminisced, “We watched Vanderpump Rules with our expanding bellies and celebrated eating hot pot together for the past year.”
“Got to witness the most beautiful woman, my friend, our surrogate, give birth amidst a bit of chaos, but with strength and pure joy and love,” Chrissy said on Instagram on June 19.
And Chrissy and John made the amazing decision to honor their surrogate. “We would like to express our gratitude for this amazing gift you have given us, Alexandra,” Chrissy wrote. We are overjoyed to announce his arrival to the world, bearing the name Wren Alexander Stephens, which will always be associated with you.
Luna and Miles are the couple’s two older children. Six months ago, they also welcomed Esti, their third daughter.Additionally, John Legend posted a photo of himself and his family with the newest addition. “Wren Alexander Stephens, our new love,” he captioned.
With their newest member, the family appears to be very content. We hope the best for them! Tell your friends and family about this wonderful news on Facebook.
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