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.
Dakota Fanning, 30, Reveals a Sweet Reason Why Tom Cruise Sends Her a Birthday Gift Every Year
Throughout her more than 20 years career, Dakota Fanning has collaborated with numerous esteemed Hollywood actors. Fanning opened up about her experiences working with such actors as Denzel Washington and Robert Pattinson. Among the many anecdotes she shared, one of the most heartwarming was about her time working with Tom Cruise in 2005’s War of the Worlds.
Tom Cruise gifted Dakota Fanning her first cell phone.
Fanning revealed that Cruise, whom she considers a lifelong friend, has been sending her a birthday gift every year since 2005. In a recent interview for Harper’s Bazaar Fanning shared that her first mobile phone came as a present from Tom Cruise. The actress revealed that her co-star in War of the Worlds gave her a Motorola Razr for her 11th birthday.
“Oh, my God, I was so excited,” she recalled this moment. However, Fanning admitted it might not have been the most practical gift, confessing that she didn’t have anybody to call or text at that time. “You know, I was 11,” she quipped, before adding, “But I loved having it. I loved it. I felt so cool.”
And the gifts didn’t stop at the iconic flip phone.
When Fanning joined Andy Cohen on the engaging show, Watch What Happens Live, she fondly revealed that Cruise didn’t stop his funny tradition. “He has sent me a birthday gift every year since I was 11 years old,” she disclosed, “Beautiful gifts.”
Now, more than a decade later, Fanning sometimes wonders if it will stop. “I always think, ’Oh, when I’m 18, he’ll probably stop. Oh, 21, he’ll stop.’ But every year. It’s really kind.”
Of course, Cohen asked Fanning to divulge what these “beautiful gifts” were, and surprisingly enough, the answer was fairly sensible, with Fanning revealing that “It’s usually shoes.”
It was not the only gift Dakota received from a Hollywood celebrity.
Dakota Fanning shared memories about a gift she got from her Dreamer co-star Kurt Russell. “Kurt Russell gave me a horse,” she said.
Reflecting on her experiences working with big names like Cruise and Russell since childhood, she mentioned that she didn’t feel intimidated, “Because I grew up familiar with being around people who would be considered ’intimidating’ kind of, I think it might’ve numbed that side of me a little. When you’re 8 years old, you’re sort of just getting to know a person as a person and not thinking about all of the other stuff, you know?”
Fans urge Tom Cruise to get anti-aging procedures, as he is deemed unrecognizable at 61. Click here to see photos.
Leave a Reply