Beyond Meat sees Q3 revenue $70M, consensus $68.82M

In an 8-K filing, the company said, “Net revenue is expected to be approximately $70M for the three months ended September 27, 2025, which is in line with the Company’s previous guidance range of $68M to $73M. Gross margin is expected to be in the range of approximately 10% to 11% for the three months ended September 27, 2025, inclusive of approximately $1.7M of expenses related to the suspension and substantial cessation of operational activities in China. Excluding these charges, gross margin is expected to be in the range of approximately 12% to 13%. Operating expenses are expected to be in the range of approximately $41M to $43M for the three months ended September 27, 2025, inclusive of approximately $2M of charges related to certain non-routine items, including incremental legal expenses associated with a contractual dispute with a former co-manufacturer, amortization of certain retention program expenses and costs related to a partial lease termination of a portion of the Company’s campus headquarters building. Excluding these charges, operating expenses are expected to be in the range of approximately $39M to $41M. In addition to and not included in the preliminary estimates above, the Company expects to record a non-cash impairment charge for the three months ended September 27, 2025, related to certain of its long-lived assets. The Company’s recoverability test, conducted in accordance with ASC 360, preliminarily indicated that the carrying amount of certain of its long-lived assets was not recoverable from the projected undiscounted future cash flows of the relevant asset group. Although the impairment charge is expected to be material, the Company is not yet able to reasonably quantify the amount at this time.”