Beyond Meat says unable to file Form 10-Q, expects to report material weakness

In a regulatory filing, the company stated, “Beyond Meat (BYND), a Delaware corporation, is unable to file its Quarterly Report on Form 10-Q for its fiscal quarter ended September 27, 2025, within the time period prescribed for such report without unreasonable effort or expense. As previously disclosed on Form 8-K filed on October 24, 2025, the company expects to record a non-cash impairment charge related to certain of its long-lived assets in the three months ended September 27, 2025. Although the company expects this charge to be material, the company is not yet able to reasonably quantify the amount, and requires additional time, resources and effort to finalize its assessment. The company expects to file the Form 10-Q no later than Wednesday, November 12, 2025. In addition, the company expects to report that a material weakness in the company’s internal control over financial reporting existed as of September 27, 2025, related to controls associated with the accounting for non-recurring and complex transactions. Management has preliminarily concluded that inadequate technical resources are currently in place to effectively evaluate and determine the proper recording of such transactions, and the company has begun to work on a remediation plan. As a result of the expected material weakness, the company believes that its internal control over financial reporting was not effective, and its disclosure controls and procedures were not effective, as of September 27, 2025. Notwithstanding this determination, management does not anticipate making any adjustments to its previously issued financial statements.”