Beyond Meat, Inc. (NASDAQ: BYND) announced on March 25, 2026, that it is rescheduling the reporting of its financial results for the fourth quarter and full year ended December 31, 2025, to March 31, 2026, after market close. This decision comes as the company continues to finalize its financial close procedures for the fourth quarter and year-end. The company has identified material weaknesses in its internal control over financial reporting, particularly concerning the accounting for its inventory provision, which includes amounts recorded for excess and obsolete inventory. During the review process, Beyond Meat discovered errors in its previously issued financial statements for 2025, specifically an understatement of cost of goods sold and certain selling, general, and administrative expenses, along with an overstatement of loss from impairment in the third quarter of 2025. Management believes these errors are immaterial to the quarterly financial statements for the first three quarters of 2025 and will be corrected prospectively in future filings. The company is expected to provide further details regarding these corrections in Item 9B of its Form 10-K, which is also due on March 31, 2026. Additionally, Beyond Meat plans to hold a conference call at 5:00 PM Eastern Time on the same day to discuss its financial results. Investors can participate in the call by dialing 412-902-4255. The company is also preparing to file its Annual Report on Form 10-K for the full year ended December 31, 2025, on the same date. This delay in reporting may raise concerns among investors regarding the company's financial health and operational execution, particularly in light of the identified weaknesses in internal controls.
Press Release distribution
National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.