Core Insights - Beyond Meat, Inc. (BYND) reported a decline in both revenue and earnings for the third quarter of 2025, with net sales of $70.2 million, a 13.3% decrease year over year, while adjusted loss per share was 47 cents, wider than the consensus estimate of 41 cents [1][3][9] Financial Performance - The company's net sales of $70.2 million exceeded the consensus estimate of $69 million but represented a 13.3% decline year over year, primarily due to a 10.3% reduction in product volume and a 3.5% decrease in net revenues per pound [3][9] - Gross profit fell to $7.2 million from $14.3 million in the prior year, with gross margin contracting 740 basis points to 10.3% due to higher costs and lower revenues per pound [5][9] - SG&A expenses decreased by 4.7% to $37.2 million, but as a percentage of net sales, it increased to 53% [7] Revenue Breakdown by Channel - U.S. retail channel net revenues fell 18.4% to $28.5 million, driven by a 12.6% drop in sales volume and a 6.6% decrease in net revenues per pound [8] - U.S. foodservice channel revenues declined 27.3% to $10.5 million, primarily due to a 27.1% decrease in product volume [10] - International retail channel revenues slipped 4.6% to $15.8 million, with a 12.5% fall in product volume partially offset by a 9.1% rise in net revenues per pound [11] - International foodservice channel revenues rose 2.4% to $15.3 million, supported by a 4.4% increase in sales volume [12] Strategic Initiatives - The company is focusing on transformation initiatives, including significant cost reductions, gross margin expansion, and targeted growth opportunities, while expressing confidence in its long-term recovery [2] - Beyond Meat expects fourth-quarter 2025 net revenues between $60 million and $65 million, indicating continued weak demand in the plant-based meat category [14] Cash and Debt Position - As of the end of the third quarter, Beyond Meat had $131.1 million in cash and cash equivalents, with total outstanding debt of $1.2 billion [13]

Core Insights - Beyond Meat Inc. is experiencing significant challenges and is on the verge of a critical downturn, indicating a potential collapse as it approaches its lowest point [1] Company Summary - Beyond Meat Inc. is currently facing a flat spin, suggesting a lack of growth and potential operational difficulties [1] - The company is poised for destruction, highlighting severe financial and market pressures that could lead to its downfall [1] Industry Summary - The plant-based meat industry is under scrutiny as companies like Beyond Meat struggle to maintain market position amidst increasing competition and changing consumer preferences [1]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Core Message - The key end markets of Steel and Foundry have remained stable at low levels, but there are emerging signs of improved midterm prospects for these markets [2]. Steel Market Performance - Steel production outside of China has increased by only 0.5% since the beginning of the year, indicating subdued levels, except for India, which continues to grow at a good pace [3]. - The 0.5% growth in steel production would have been 1.7% if not for the stable net steel exports from China, which have increased by nearly 10% [3]. - The underlying steel consumption outside of China is considered to be quite healthy despite the low production growth [3].

Financial Data and Key Metrics Changes - Total net revenues decreased by 13.3% to $70.2 million in Q3 2025 compared to $81 million in the year-ago period, primarily driven by a 10.3% decrease in the volume of products sold and a 3.3% decrease in net revenue per pound [20][21] - Gross margin fell to 10.3% in Q3 2025 from 17.7% in the year-ago period, impacted by lower volumes and higher trade discounts [8][26] - Net loss was $110.7 million in Q3 2025 compared to $26.6 million in the year-ago period, with net loss per common share increasing to $1.44 from $0.41 [30][31] Business Line Data and Key Metrics Changes - U.S. retail net revenues decreased by 18.4% to $28.5 million, driven by a 12.6% decrease in volume and a 6.6% decrease in net revenue per pound [23] - U.S. food service net revenues decreased by 27.3% to $10.5 million, primarily due to a 27.1% decrease in volume [24] - International retail net revenues decreased by 4.6% to $15.8 million, with a 12.5% decrease in volume partially offset by a 9.1% increase in net revenue per pound [24][25] Market Data and Key Metrics Changes - The plant-based meat category continues to face general softness, with two of the top three markets in the EU also experiencing year-over-year declines [22] - The U.S. market is seeing reduced points of distribution and weak category demand, impacting overall sales [22][23] Company Strategy and Development Direction - The company is focused on a turnaround strategy, including addressing misinformation about plant-based meats, rebuilding distribution, and reducing operating expenses [10][15][17] - New product innovations, such as Beyond Chicken Pieces and the Beyond Test Kitchen, are aimed at enhancing consumer engagement and product visibility [11][12][14] - The company is targeting a gross profit margin of over 30% and aims to achieve EBITDA-positive operations as soon as possible [31][40] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment with the current quarter's results but emphasized ongoing efforts to reset the business for sustainable growth [6][19] - The macroeconomic environment remains challenging, making it difficult to forecast operating results beyond a limited horizon [33] - The company anticipates net revenues in Q4 2025 to be in the range of $60 million to $65 million, reflecting ongoing demand weakness [33] Other Important Information - The company successfully reduced debt levels by approximately $900 million, nearly 75% of total leverage, and extended the maturity of most of its debt profile [6][34] - Cash and cash equivalents were $131.1 million as of September 27, 2025, with net cash used in operating activities increasing to $98.1 million for the nine months ended September 27, 2025 [31][32] Q&A Session Summary Question: What is currently holding the company back from achieving higher gross profit margins? - Management indicated that lower top-line revenue is the main drag on margins, along with higher material costs and the impact of a depreciation charge related to China operations [38][39] Question: Can you provide an update on the cash balance following recent financing activities? - Management noted that the cash balance would include proceeds from the ATM program, but specific figures could not be provided at that time [41][42]

Core Viewpoint - Beyond Meat, Inc. is currently under investigation for potential fraud, providing an opportunity for investors to join the legal proceedings [1] Group 1 - The Schall Law Firm is leading the investigation into Beyond Meat, Inc. for possible fraudulent activities [1] - Investors are encouraged to participate in the investigation to seek potential remedies [1]

Core Insights - Beyond Meat's shares experienced a significant decline of 7.4% following the release of disappointing third-quarter results and a negative outlook for the rest of the year [1] Company Performance - The third-quarter results reported by Beyond Meat were below market expectations, leading to a sharp drop in stock price [1] - The company provided a gloomy forecast for the remainder of the year, indicating potential challenges ahead [1]

周二，Beyond Meat(BYND.US)股价一度跌超9%，截至发稿，该股跌幅收窄至2.15%，报1.32美元。 Beyond Meat第三季度净收入同比下降13.3%至7020万美元，但略高于分析师平均预期6900万美元。亏损 扩大至1.107亿美元，受累于资产减值损失以及今年稍早暂停在中国的业务；每股亏损47美分，低于分 析师预期的每股亏损31美分。该公司预计第四季收入将介乎6000万至6500万美元之间，低于市场预期的 7003万美元。 ...

智通财经APP获悉，周二，Beyond Meat(BYND.US)股价一度跌超9%，截至发稿，该股跌幅收窄至 2.15%，报1.32美元。Beyond Meat第三季度净收入同比下降13.3%至7020万美元，但略高于分析师平均 预期6900万美元。亏损扩大至1.107亿美元，受累于资产减值损失以及今年稍早暂停在中国的业务；每 股亏损47美分，低于分析师预期的每股亏损31美分。该公司预计第四季收入将介乎6000万至6500万美元 之间，低于市场预期的7003万美元。 ...

Core Viewpoint - Beyond Meat's stock dropped by 9.7% to $1.21 following a disappointing third-quarter earnings report, despite revenue slightly exceeding analyst expectations [1] Financial Performance - The company's net revenue for the third quarter decreased by 13.3% year-over-year to $70.2 million, which was above the average analyst forecast of $69 million [1] - Beyond Meat's losses widened to $110.7 million, impacted by asset impairment losses and a suspension of operations in China earlier this year [1] - The earnings per share (EPS) loss was reported at $0.47, which was worse than the analyst expectation of a $0.31 loss per share [1] Future Outlook - For the fourth quarter, the company expects revenue to be between $60 million and $65 million, falling short of market expectations of $70.03 million [1]