Beyond Meat Inc. (NASDAQ:BYND) said it will delay the release of its fourth-quarter and full-year 2025 financial results until March 31, 2026, as the company works to complete its financial closing process and address weaknesses in its internal accounting controls.
The plant-based food producer disclosed a material weakness in its internal control over financial reporting as of December 31, 2025, related specifically to controls governing the accounting treatment of inventory provisions, including estimates for excess and obsolete inventory. The company noted that it had previously reported other material weaknesses in its internal control framework.
As part of its review, Beyond Meat also identified errors in financial statements previously issued for the first three quarters of 2025. The issues resulted in underreported cost of goods sold and certain selling, general, and administrative expenses, as well as an overstatement of impairment-related losses recorded in the third quarter of 2025.
Management said the identified errors are not considered material to the previously published quarterly financial statements and will be corrected prospectively in filings for fiscal year 2026. The company plans to provide further details regarding these adjustments in its Form 10-K annual report, which it expects to submit on March 31, 2026.
Beyond Meat said it will host a conference call at 5:00 p.m. Eastern time on March 31, 2026, to discuss its fourth-quarter and full-year financial performance. The company also expects to file its Annual Report on Form 10-K for the year ended December 31, 2025, after the market closes on the same day.
The announcement highlights continuing challenges in the company’s financial reporting processes and internal control systems as it works to strengthen its accounting procedures.