Beyond Meat Tanks, Ulta Beauty and Target Team Up
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 10 November 2020
⏱️ 19 minutes
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Summary
Beyond Meat shares fall 20% after a rough 3rd-quarter report. D.R. Horton wraps up the fiscal year with a strong 4th-quarter report, and the homebuilder’s outlook for 2021 is even stronger. Jason Moser analyzes those stories and the new partnership between Target and Ulta Beauty.
Transcript
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| 0:00.0 | It's Tuesday, November 10th. Welcome to Market Foolery. I'm Chris Hill with me today. It's |
| 0:07.0 | Jason Moser. Good to see you. |
| 0:08.9 | Good to see you. How's everything? |
| 0:11.9 | It's going all right. |
| 0:13.0 | We've got a bunch of things to get to. |
| 0:14.4 | We have a retail partnership, we've got some home building news. |
| 0:20.0 | Let's start here though. |
| 0:21.9 | On yesterday's show we talked about McDonald's had |
| 0:27.9 | announced plans to unveil a plant-based burger in 2021 and while that didn't do a lot for shares of McDonald's |
| 0:35.6 | it did send shares of Beyond Meat down about 8-10 percent and they are falling |
| 0:40.9 | an additional 20 percent today after Beyond Meets third quarter report came out. |
| 0:46.2 | They had a big loss, revenue was much lower than expected, they had a couple of right downs, |
| 0:50.7 | this was, boy, this was not a good quarter for beyond me |
| 0:54.2 | Jason. Yeah I agree with you I mean I'm not gonna try to cupcake it I mean it |
| 1:00.2 | wasn't a good quarter you know I wouldn't call I wouldn't call beyond me a stay-at-home |
| 1:06.0 | stock necessarily I mean but in theory it should benefit from more time at home |
| 1:12.3 | unless eating at home and less eating at restaurants. |
| 1:14.3 | And it did, to a degree. |
| 1:16.2 | I mean, a lot of success was kind of pulled forward |
| 1:18.2 | earlier in the year. |
| 1:19.7 | And we saw that play out a little bit in this quarter. |
| 1:22.9 | It's a little bit of a tale of two businesses here. |
... |
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