Overview
- Beyond Meat moved its third‑quarter results to Nov. 11 after market close and will hold a 5 p.m. ET call to discuss the report.
- The company said it expects to record a material non‑cash impairment related to certain long‑lived assets but cannot yet reasonably quantify the amount.
- Shares fell about 16% on Monday on the delay, with the stock trading near its 52‑week low and down roughly 64% for the year, according to Benzinga Pro.
- The delay follows a retail‑driven surge that saw the stock jump as much as 1,300% in four days earlier this fall, a rally that has largely unwound, Business Insider reported.
- Management previously guided third‑quarter revenue to a range of $68 million to $73 million, providing a baseline ahead of next week’s release.