Overview
- Beyond Meat rescheduled its third‑quarter report and conference call to Tuesday, Nov. 11 after the market close, with the call set for 5 p.m. ET.
- The company expects a material non‑cash impairment tied to certain long‑lived assets and has not yet quantified the charge.
- Shares fell as much as 16% on Monday after the delay was announced, extending a sharp pullback following recent volatility.
- Kirby McInerney LLP said it opened an investigation into potential securities claims related to the impairment disclosure and stock declines.
- Beyond Meat previously guided Q3 revenue to about $68 million to $73 million following an October month marked by heavy dilution from a convertible‑debt exchange and a brief meme‑driven rally.