Beyond Meat delays Q4 report after finding material weakness

Beyond Meat (BYND) announced that it is rescheduling the reporting of its Q4 results until Tuesday, March 31. Beyond Meat said that in addition to other previously identified material weaknesses, the company determined that a material weakness in internal control over financial reporting existed as of December 31, 2025, related to controls associated with the accounting for its inventory provision, including amounts recorded for the provision of excess and obsolete inventory. Beyond Meat identified certain errors related to its previously issued financial statements for 2025. For the first three quarters of 2025, the errors resulted in an understatement of cost of goods sold and certain selling, general and administrative expenses, and an overstatement of loss from impairment in Q3 of 2025, the company noted. Management “currently believes that the errors are immaterial to the previously issued quarterly financial statements for the first three quarters of 2025 and will be corrected prospectively when the Company files its quarterly reports in fiscal 2026.”