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.
Tia Mowry shared a simple reason why she and her twin sister Tamera aren’t as close as they used to be, saying, “No hard feelings.”
Tia Mowry explained that when siblings grow up and start their own families, it’s normal for them to take on new roles and responsibilities in life. She mentioned this in an interview with People on Monday, after talking about their relationship earlier this month.
The “Sister, Sister” star recognized that Tamera has her own family, so it’s “normal” and “very natural” for them to focus on their own lives and families.
Tia Mowry said, “There’s a lot of love between us. We have a strong bond that will never go away.” She added that she and her sister have always been inspirational women, and that won’t change.
Tia, 46, emphasized that this situation is just a part of life. She explained, “People are starting their own families, and that’s okay.” She also mentioned, “There are no hard feelings.”
The star of “Tia Mowry: My Next Act” made news two weeks ago when she shared that she was having a hard time with “being alone” and not feeling “close” to Tamera during her divorce from Hardrict.
In a preview for her upcoming reality TV show, she said, “There are times when I wish my sister and I were still close and I could call her, but that’s just not where we are right now.”
After fans reacted strongly to her comments, the actress explained what she meant in an interview with Us Weekly.
Tia explained, “What I meant was that as we grow up, we start our own families, and their children need us. We take on new roles and responsibilities in our lives, and that’s what I was talking about.”
Tia, who is dealing with her divorce from Cory Hardrict, said she was finding it hard to handle this “transition” and wished her sister could be there to support her.
She added, “Sometimes you just want a hug and wish someone was as available as they used to be, but that’s not how life is.”
Tia said that no matter what people are saying, she and Tamera have a “beautiful connection” and love each other “very much.”
Tamera, who has kids Aden, 11, and Ariah, 9, with her husband Adam Housley, has not yet commented on her sister’s remarks.
The twin sisters became famous on the show “Sister, Sister,” which aired from 1994 to 1999. They also worked on several Disney shows and movies before moving into reality TV with “Tia & Tamera.”
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