Beyond Meat (NASDAQ:BYND) has delayed the release of its third-quarter financial results to November 11, citing the need for additional time to finalize an accounting review. The company said it is assessing a material non-cash impairment charge tied to certain long-lived assets.
The plant-based meat company explained that it requires more time and resources to accurately determine the size of the impairment, which is expected to have a significant impact on its financial statements.
Following the announcement, Beyond Meat shares fell 1.5% in Monday’s trading session.