Beyond Meat delays release of earnings as management tries to figure out how big of a write-down to take

“You don’t want to see how the sausage is made” is an expression that appears to apply to meat, faux meat, and faux meat accounting.

Shares of Beyond Meat are tumbling after management delayed the formal release of its quarterly results as they try to pin down exactly how big of a loss to take on assets that aren’t worth as much as they previously thought.

The plant-based meat company was slated to release its quarterly update on Tuesday after the market closes, but is postponing this report until November 11.

“As previously disclosed on Form 8-K filed on October 24, 2025, the Company expects to record a non-cash impairment charge for the three months ended September 27, 2025 related to certain of its long-lived assets. Although the Company expects this charge to be material, the Company is not yet able to reasonably quantify the amount, and requires additional time, resources and effort to finalize its assessment,” per the press release.

In that 8-K, the company said an accounting recoverability test “preliminarily indicated that the carrying amount of certain of its long-lived assets was not recoverable from the projected undiscounted future cash flows of the relevant asset group.”

In other words, an initial review showed that certain plants, property, and equipment won’t make the kind of money that their previously reported value implied, so that needs to be marked down in the form of a noncash impairment charge. The outstanding question is how big that charge will be.

Beyond Meat made that announcement along with the preliminary release of its Q3 results and some positive commentary on ongoing legal matters.