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.
Sally Field, 76, never underwent plastic surgery despite fighting ageism in Hollywood her whole career.
Sally Field, 76, has battled ageism in Hollywood throughout her career, but she has never had plastic surgery.Despite the pressure that many women in Hollywood experience, Sally Field, who is well-known for her appearances in films such as Steel Magnolias and Forrest Gump, has never had plastic surgery. She has disregarded the “rules” at the age of 76.
set over her career by the industry.Before making the move to film, Field gained notoriety from television shows like Gidget and The Flying Nun. She starred in a number of well-known films, including Mrs. Doubtfire, Forrest Gump, Norma Rae, and Smokey and the Bandit.
Field accepted the Screen Actors Guild Lifetime Achievement Award in February 2023 and gave a modest speech in which she highlighted her extensive and fruitful career. She’s won multiple accolades during her career, including two Academy Awards, three Primetime Emmys, two Golden Globes, and more.Field’s skill and timeless beauty are greatly appreciated. She talked about how much she loves performing and how much joy it offers her in her acceptance speech. Wearing a gorgeous black gown and embracing her naturally gray hair, she exuded grace and beauty on stage.
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