Shares of faux meat products maker Beyond Meat BYND.O down ~14% at 60 cents in extended trading
Co misses Wall Street estimates for fourth-quarter sales and posts larger-than-expected operating loss due to sluggish demand for its higher-priced processed food products
Results reflect ongoing headwinds in plant-based meat category as well as financial impact of several restructuring charges, CEO Ethan Brown says
Co says it is unable to estimate when annual report will be filed, after it announced delay earlier this month following identification of material weaknesses in controls related to inventory accounting, including excess or obsolete stock
Shares fell ~14% in 2025