Here's why Beyond Meat investors aren't happy that earnings were delayed

By James Rogers

The meme stock said that it needs more time to quantify a previously disclosed impairment charge

Beyond Meat's third-quarter results, originally scheduled for Tuesday, have been pushed back to Nov. 11.

Shares of meme stock Beyond Meat Inc. took a dive Monday after the meat-substitute company delayed the release of its third-quarter earnings report, saying that it needs more time to quantify an impairment charge.

The news marks the latest twist for Beyond Meat (BYND), which saw its shares skyrocket in a series of retail-fueled rallies before paring some of those gains.

Beyond Meat had originally scheduled its third-quarter results for Tuesday after the market close, but said on Monday that the release had been pushed back to Nov. 11. The company had previously disclosed in an 8-K filing with the Securities and Exchange Commission on Oct. 24 that it expects to record a "material" third-quarter charge to write down the expected value of certain long-lived assets. On Monday, Beyond Meat said it was not yet able to reasonably quantify the amount, and that it needs more time and resources to figure it out before the charge is reported in its earnings report.

The move sparked some concern on social media, where one user described the delay as "a bad sign," adding that the charge could lower assets on the company's balance sheet. Another user wrote that the delay and the impairment charge creates "uncertainty" around Beyond Meat's turnaround narrative.

The stock sank 16% to close Monday at $1.39. It has now plunged 61.6% since it closed at its recent meme-stock peak of $3.62 on Oct. 21.

Read: Beyond Meat is on a wild ride. Why you should think twice before taking a bit.

Beyond Meat, which went public in 2019, was something of a prepandemic darling amid excitement around meat substitutes. However, the El Segundo, Calif.-based company has wrestled with declining sales and stiff competition from rival Impossible Foods, according to its corporate filings and market data, while its operations have continued to burn cash. The company last reported a quarterly profit in May 2020, and has yet to turn an annual profit.

Nonetheless, Beyond Meat is one of a number of names caught up in meme-stock activity this year, joining the likes of Krispy Kreme Inc. (DNUT), GoPro Inc. (GPRO), Kohl's Corp. (KSS) and Opendoor Technologies Inc. (OPEN), in a trend that sparked comparisons with the 2021 frenzy that sent shares of GameStop Corp. (GME) and AMC Entertainment Holdings Inc. (AMC) surging.

Shares of Beyond Meat have dropped 63% in 2025, compared with the S&P 500 index's SPX gain of 16.5%.

Joseph Adinolfi contributed.

-James Rogers

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11-03-25 1622ET