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 TRAVOLTA’S DAUGHTER THANKS HIM FOR MAKING EVERY DAY BETTER AND SAYS SHE HOPES TO BE HALF AS GOOD A PARENT AS HE IS.
JOHN TRAVOLTA’S DAUGHTER THANKS HIM FOR MAKING EVERY DAY BETTER AND SAYS SHE HOPES TO BE HALF AS GOOD A PARENT AS HE IS.
Sometimes, dads don’t get as much credit as moms in parenting. But the truth is, a father’s role in a child’s life is just as important, and they deserve the same love. Ella Travolta wanted to appreciate her dad, John Travolta, for everything he does, and she shared some heartfelt words.
At Bright Side, we believe that sharing kind words strengthens bonds, so we want to share this sweet exchange with our audience. Ella honored John on his special day.
The 21-year-old actress posted a picture on her Instagram with her dad and brother. In the caption, she said her dad is her “best friend” and someone who brings joy to her in both good times and bad.
She revealed that even though parenting is not easy, John makes it look like it is. He somehow makes every day better than the previous one for his kids. Ella also added that she hopes to be half as good a parent as John someday. John himself shared a message for the kids.
JOHN TRAVOLTA’S DAUGHTER THANKS HIM FOR MAKING EVERY DAY BETTER AND SAYS SHE HOPES TO BE HALF AS GOOD A PARENT AS HE IS.
Sometimes, dads don’t get as much credit as moms in parenting. But the truth is, a father’s role in a child’s life is just as important, and they deserve the same love. Ella Travolta wanted to appreciate her dad, John Travolta, for everything he does, and she shared some heartfelt words.
At Bright Side, we believe that sharing kind words strengthens bonds, so we want to share this sweet exchange with our audience. Ella honored John on his special day.
The 21-year-old actress posted a picture on her Instagram with her dad and brother. In the caption, she said her dad is her “best friend” and someone who brings joy to her in both good times and bad.
She revealed that even though parenting is not easy, John makes it look like it is. He somehow makes every day better than the previous one for his kids. Ella also added that she hopes to be half as good a parent as John someday.
John himself shared a message for the kids.
John Travolta feels really happy and lucky to be the dad of his two children. He loves encouraging and treating his kids well. He recently shared that his daughter Ella will be in a new version of Alice in Wonderland. And of course, he proudly mentioned that he’s a “very proud dad.” He’s been keeping his family strong since last year.
Last year, John Travolta’s wife, Kelly Preston, passed away after they were married for 29 years. She was 57 years old and had been fighting breast cancer. After she passed away, John took a break to cope with the sadness and support his children. Before this, he also experienced the loss of his oldest son, Jett, in 2009.
What’s the sweetest thing your dad has done for you? And you for him? We’d love to see your photos together in the comments below!
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