Meme stock Beyond Meat (BYND) plunged more than 8% in Monday’s pre-market trading, as the plant-based meat producer announced that it is rescheduling the release of its results for the third quarter of Fiscal 2025 (ended September 27, 2025) to November 11, 2025, after market close. The company was earlier scheduled to announce its Q3 FY25 results on November 4. Beyond Meat is delaying its earnings report to finalize a notable impairment charge related to certain long-lived assets.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
BYND Stock Falls on Delayed Q3 Earnings Report
Beyond Meat stated that it expects to record a “material” non-cash impairment charge for Q3 FY25 related to certain long-lived assets. The company stated that it is not yet able to “reasonably quantify” this impairment charge and requires more effort, time, and resources to finalize its assessment.
BYND stock recently witnessed a spike that was not related to its fundamentals but was sparked by a meme-stock frenzy. Despite the short-lived rally, Beyond Meat stock is down 56% year-to-date. The company has been struggling with lackluster sales due to weak demand for its plant-based meat offerings amid a shift towards healthier foods, elevated inflation, and the rise of weight-loss drugs.
Prior to the news of the delay in announcing the results, Wall Street forecasted a loss per share of $0.40 for Q3 FY25 compared to $0.41 in the prior-year quarter. However, today’s announcement of an impairment charge might result in a revision to the Street’s estimates.
Is BYND Stock a Buy, Hold, or Sell?
Currently, Wall Street has a Moderate Sell consensus rating on Beyond Meat stock based on five Sells and two Hold recommendations. The average BYND stock price target of $2.08 indicates about 26% upside potential from current levels.
