Core Viewpoint - Beyond Meat's preliminary third-quarter results indicate stable sales expectations but highlight ongoing profitability challenges and restructuring efforts [1][3]. Group 1: Sales and Revenue - Beyond Meat anticipates approximately $70 million in sales for Q3, aligning with previous guidance of $68 million to $73 million, suggesting stable short-term performance [1][3]. - Analysts project a revenue of $68.87 million for the third quarter, reflecting modest revenue expectations [3]. Group 2: Profitability and Margins - Gross margins are expected to be between 10% to 11%, factoring in $1.7 million in costs related to shutting down operations in China; without these costs, margins could improve to 12% to 13% [2]. - The company is facing continued pressure on profitability due to costs associated with exiting the Chinese market and anticipated non-cash impairments of long-term assets [2][3]. Group 3: Market Reaction - Beyond Meat shares experienced an 8.27% decline, trading at $2.60, although they have seen a 300% increase over the week [4].