The U.S. Securities and Exchange Commission has opened an investigation into Beyond Meat, Inc. for potential violations of federal securities laws. The probe follows the company’s disclosure of a material non‑cash impairment charge related to certain long‑lived assets and a debt‑swap transaction that reduced its debt from approximately $1.15 billion to about $250 million.
Beyond Meat reported that it expects to record a material impairment charge for Q3 2025, and it rescheduled its earnings announcement from November 4 to November 11, 2025, to finalize the assessment of the charge. The company’s Q3 2025 revenue guidance of $68 million to $73 million aligns with a preliminary estimate of roughly $70 million, while the consensus earnings per share estimate is $‑0.43.
In Q2 2025, Beyond Meat posted net revenues of $75.0 million and a net loss per share of $0.43, a 19.6 % decline from the $93.2 million and $0.53 loss reported in Q2 2024. The decline was attributed to weaker category demand, reduced U.S. retail distribution, and lower international food‑service sales. The company’s Q3 2024 results showed net revenues of $81.0 million and a loss per share of $0.41.
The SEC investigation could lead to civil enforcement actions, including fines or mandatory restatements, and may prompt the agency to request additional disclosures or audit reviews. If evidence of misstatements is found, Beyond Meat could face shareholder litigation and reputational damage that could affect its ability to raise capital.
Management has not yet issued a formal response to the investigation, leaving the scope of the inquiry uncertain. Investors should monitor subsequent filings for updates on the investigation’s findings and any potential remedies.
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