Beyond Meat said it will delay reporting fourth-quarter and full-year 2025 results until March 31, pushing back the release from the originally expected schedule by six days. The company also moved its conference call to 5:00 p.m. Eastern that day, after market close.
The delay comes as the company completes year-end close procedures and expands its review of internal controls tied to inventory accounting. Beyond Meat said it identified a material weakness in controls over its inventory provision, including excess and obsolete inventory reserves, as of December 31, 2025.
In reviewing those issues, the company found errors in its previously issued 2025 quarterly financial statements. For the first three quarters of 2025, the errors led to 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.
Management said it currently believes the errors are immaterial to the first three quarters of 2025 and expects to correct them prospectively in fiscal 2026 filings. The company also expects to file its Form 10-K for 2025 on March 31 after market close. Following these announcements, the company's shares moved -5.25%, and are now trading at a price of $0.9854. For the full picture, make sure to review BEYOND MEAT, INC.'s 8-K report.
