Overview
- Shares fell about 12% Wednesday after a fourth-quarter miss and weak guidance, then edged lower again in early Thursday trading.
- Quarterly revenue came in at $61.6 million, down 19.7% from a year ago, with an adjusted loss of $0.29 per share and a gross margin of roughly 2.3%.
- Management guided first-quarter 2026 revenue to $57 million to $59 million, well below Wall Street forecasts, citing soft demand across retail and foodservice.
- The company delayed its annual report several times in March after finding material weaknesses in internal controls tied to inventory accounting and how it handles outdated stock.
- Beyond Meat retired most of its 2027 convertible notes and raised $149 million to shore up liquidity as Jefferies cut its price target to $0.70, with the stock near 52-week lows and down roughly 77% over the past year.