Cruise line giant Carnival and meat alternative company Beyond Meat face tough year ahead

Beyond Meat says it will finally be cash-flow positive in the second half of 2023, but analysts are sceptical that can happen until sales stabilise. Photo: Gabby Jones/Bloomberg

US companies had a lot to overcome in the latter half of 2022 with rising interest rates, more budget-conscious consumers and a sagging stock market. That’s left some of them in very tough spots at the start of the new year.

Carnival is one example. The cruise ship owner entered 2020 with a full head of steam, having reported record sales and profit the year before. Three years into the pandemic, it’s a different company.