Beyond Meat Suspends China Ops, Cuts Staff Amid 2024 Earnings

TL;DR

BYND suspending China, cutting jobs, earnings out Feb 24.

AI Summary

Beyond Meat, Inc. announced its Q4 and full-year 2024 earnings on February 24, 2025. The company also disclosed the suspension of its operations in China and a significant reduction in force (RIF). Specific financial details and the extent of the workforce reduction were not immediately detailed in this filing.

Why It Matters

This filing signals a strategic shift for Beyond Meat, potentially impacting its global expansion and operational costs, while also indicating internal restructuring due to performance or market conditions.

Risk Assessment

Risk Level: medium — The suspension of operations in a key international market and workforce reduction suggest potential financial difficulties or strategic challenges that could impact future performance.

Key Players & Entities

• Beyond Meat, Inc. (company) — Registrant
• China (location) — Operations suspension
• February 24, 2025 (date) — Date of earliest event reported

FAQ

From the Filing

0001655210-25-000020.txt : 20250226 0001655210-25-000020.hdr.sgml : 20250226 20250226161041 ACCESSION NUMBER: 0001655210-25-000020 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250224 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250226 DATE AS OF CHANGE: 20250226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEYOND MEAT, INC. CENTRAL INDEX KEY: 0001655210 STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 264087597 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38879 FILM NUMBER: 25670122 BUSINESS ADDRESS: STREET 1: 888 N. DOUGLAS STREET, SUITE 100 CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 866-756-4112 MAIL ADDRESS: STREET 1: 888 N. DOUGLAS STREET, SUITE 100 CITY: EL SEGUNDO STATE: CA ZIP: 90245 FORMER COMPANY: FORMER CONFORMED NAME: Savage River, Inc. DATE OF NAME CHANGE: 20151008 8-K 1 bynd-20250224.htm 8-K Q4 AND FULL YEAR 2024 EARNINGS, CHINA SUSPENSION, RIF bynd-20250224 0001655210 false 0001655210 2025-02-24 2025-02-24 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): February 24, 2025 BEYOND MEAT, INC. (Exact name of registrant as specified in its charter) Delaware 001-38879 26-4087597 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number) 888 N. Douglas Street, Suite 100 El Segundo , California 90245 (Address of principal executive offices, including zip code) (866 ) 756-4112 (Registrant’s telephone number, including area code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.0001 par value BYND The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 2.02 Results of Operations and Financial Condition. On February 26, 2025, Beyond Meat, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2024. The full text of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information contained or incorporated by reference in this Item 2.02, includ