Core Viewpoint - Beyond Meat, Inc. is facing a class action lawsuit due to alleged misleading statements regarding its financial health and asset valuations during the specified Class Period from February 27, 2025, to November 11, 2025 [1][3]. Financial Performance and Impairment Charges - On October 24, 2025, Beyond Meat reported preliminary financial results for Q3 2025, indicating an expectation to record a material non-cash impairment charge related to long-lived assets, leading to a stock price drop of over 23% [4]. - On November 3, 2025, the company announced a delay in reporting its Q3 2025 financial results, citing the need for additional time for an impairment review, which caused a further stock price decline of over 16% [5]. - The final Q3 2025 results disclosed on November 10, 2025, revealed a loss from operations of $112.3 million, including $77.4 million in non-cash impairment charges, resulting in a nearly 9% drop in stock price [6]. - On November 11, 2025, Beyond Meat clarified that the total impairment amount of $77.4 million was allocated to property, plant, and equipment (PP&E), operating lease ROU assets, and prepaid lease costs, which again led to a nearly 9% decline in stock price [7]. Legal Proceedings - Investors who purchased Beyond Meat securities during the Class Period are encouraged to file a lead plaintiff motion by March 24, 2026, as part of the class action lawsuit [1]. - The Portnoy Law Firm is representing investors in this case and offers complimentary case evaluations to discuss options for recovering losses [2].
Portnoy Law Firm Announces Class Action on Behalf of Beyond Meat, Inc. Investors