Beyond Meat Stock (BYND) Plunges on Delay in Q3 Earnings Release

BYND investors got a taste of something bitter today—and it wasn't plant-based protein.

The Earnings Vanishing Act

Beyond Meat shares cratered after the company announced it's pushing back its third-quarter earnings release. No new date? No explanation? Just radio silence while shareholders watch their positions turn into vegan burgers on a hot grill.

Market Indigestion

The delay sent BYND tumbling as traders digested the implications. When a company can't even schedule its earnings call on time, it makes you wonder what else is cooking in the kitchen—and whether the financials will be as hard to swallow as their latest product line.

Another reminder that in traditional markets, sometimes the only thing growing faster than plant-based meat alternatives is investor anxiety.

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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.