Beyond Meat (BYND) delays third-quarter earnings release by a week to address significant accounting issue. Management needs extra time to calculate non-cash impairment charge on long-lived assets with undisclosed amount. Shares plummet 16% following announcement, amidst volatile period with meme stock traders and short sellers. Stock surges then plunges after Walmart partnership, closing at $1.39 on Monday.

Despite recent rally, BYND stock down 99% from all-time high and underperformed market. Reported revenue of $75 million in Q2, a 20% YoY decline with U.S. sales down 27%. International foodservice sales dropped 26% due to promotional activity and distribution losses. Gross margin compresses to 11.5%, highlighting operational challenges.

Management targets positive EBITDA in second half of 2026, aiming for cost savings and revenue stabilization. Revenue grew from $88 million in 2018 to $464 million in 2021 but expected to decline by 13% in 2025. Analysts offer mixed recommendations, with average price target of $2.23 indicating potential 60% upside from current levels.

Read more at Yahoo Finance: Dear Beyond Meat Stock Fans, Mark Your Calendars for November 11