Thread by @juliey4

$BYND Q3 2020 earnings recap!

I have been a shareholder since IPO day and it is one of my favorite companies. i am planning to hold for an additional 9 years min 😎

they missed on rev today which sent stock down ~22% after hours

i am expecting it to continue to be v volatile

These were the major forces that affected the decrease:

(1) covid stockpiling in Q2 - ppl buying $BYND products and leaving them in the freezer (I know personally that my fiance and i did exactly this lol)
(2) covid menu streamlining among QSRs - lead to fewer $BYND options

There were many Q's about the McPlant fiasco. It sounds like investor relations / comms did not communicate well. It is still unclear what $BYND's role is here, but Ethan made it clear that it was heading in the right direction. He said he couldn't really speak for $MCD.

I've said before that since I am a long term investor, I actually feel fine about the volatile downswings - the valuation has always been pretty steep (and frankly still is lol), but I actually think a lower price helps with recruiting good ppl now for the long run