Beyond Meat, Inc. (BYND) shares tumbled 5.14% in pre-market trading on Monday following the company's announcement that it would delay its third-quarter earnings report. The plant-based meat producer, which has recently experienced meme stock volatility, rescheduled its financial results release from November 4 to November 11, citing the need for additional time to quantify a material non-cash impairment charge related to some of its long-lived assets.

The delay in financial reporting has raised concerns among investors, particularly as Beyond Meat continues to grapple with weak sales and declining demand for its plant-based meat alternatives. The company has struggled over the past four years, facing challenges from shifts towards healthier foods, the rise of weight-loss drugs, and persistent inflation, all of which have expedited its decline.

Despite a recent surge in share price fueled by retail investors and short sellers chasing the next meme stock, Beyond Meat's stock remains significantly lower for the year. The impending impairment charge and the uncertainty surrounding its magnitude have further dampened investor sentiment, contributing to today's pre-market plunge. As the market awaits the rescheduled earnings report, all eyes will be on Beyond Meat's ability to navigate these financial challenges and reverse its declining fortunes in the competitive plant-based meat market.