Beyond Meat keeps growing - but job posts are slowing
Beyond Meat's ($NASDAQ:BYND) IPO was initially one of the monster offerings of 2019, seeing shares rise nearly four-fold on the way to their peak valuation this summer. Then, the hype wore off, and investors started souring on recently-debuted startups.
Analysts tracked by Zacks Investment Research are expecting EPS $0.04 when the meat substitute company reports earnings after market close Monday October 28. Shares hit a high of more than $230 per share in July, but have seen value more than halved in the time since. A little after shares hit their peak, job postings fell by more than 20%, as well, according to data.
Below, we can see availability by region (you can use the map to zoom in by jurisdiction) and over time (using the button at bottom-right). Right now, Beyond Meat products are available in more than 30,500 locations, a new high. And the company is growing; LinkedIn ($NASDAQ:MSFT) Headcount reflects a 43% increase (not shown in chart) since early January 2019.
Beyond Meat's lead on Impossible Foods ($IMPOSSIBLEFOODS) is growing - at least in terms of Facebook engagement. Our chart above tracks how many people opted to 'Like' the Facebook ($NASDAQ:FB) page for each brand; over the last two years, Beyond Meat's Facebook engagement has only grown compared to Impossible Foods'.
And, as we can tell from our last chart, Beyond Meat has more than doubled its Twitter ($NYSE:TWTR) Follower Count over the last 12 months.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.