Beyond Meat Shares Fall as Impairment Charge Delays 3Q Results

(Adds shares, additional details on share move.)

Beyond Meat shares are down 8.2% in premarket trading after the plant-based protein company postponed the release of its 3Q results to Nov. 11 as it finalizes an assessment of a material non-cash impairment charge tied to certain long-lived assets.

• Needs more time and resources to quantify impairment amount, according to a statement
• Earnings release initially scheduled for postmarket Nov. 4
• NOTE: Shares of BYND surged nearly 300% between Oct. 17 and Oct. 21 amid meme-like trading activity and an expanded distribution deal with Walmart following a dilutive debt swap
  • Beyond Meat Plunges After Debt ...