Equity DilutionThe company announced a $200M at-the-market equity program to support its cash balance, presenting major dilution risk.
Financial ChallengesA challenging financing environment may lead Beyond Meat to use its ABL facility for short-term capital, with no significant change expected in Street estimates.
Revenue RisksThe gap between U.S. retail shipment volume and Nielsen volume, along with reduced top-end revenue guidance, reinforces downside risks to revenue.