Beyond Meat Inc (NASDAQ:BYND) shares are trading lower in Monday’s after-hours session after the company delayed the filing of its annual report.
- What’s going on with BYND stock?
Beyond Meat Delays Annual Filing
After the market close on Monday, Beyond Meat announced it needs more time to file its fourth-quarter and full-year results on Form 10-K for 2025. The company delayed the filing due to needing additional time to review its inventory balances, including amounts recorded for the provision of excess and obsolete inventory.
“As a result of these issues, management expects to report that a material weakness in the company’s internal control over financial reporting existed as of December 31, 2025, related to controls associated with the accounting for its inventory provision,” the company said.
Management is in the process of developing a remediation plan and continues to work diligently to complete its fourth-quarter and full-year financial close procedures.
Preliminary Q4 Results
Beyond Meat plans to report financial results for the fourth quarter and full year after the market close on March 25. The company expects to report fourth-quarter revenue of approximately $61 million and full-year revenue of approximately $275 million.
BYND Stock Slides After The Close
BYND Price Action: Beyond Meat shares were down 4.43% in after-hours Monday, trading at 77 cents at the time of publication, according to Benzinga Pro.
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