Beyond Meat, Inc. (BYND) shares plummeted 12.39% in Monday's pre-market trading following the company's announcement that it would delay its third-quarter earnings report. The plant-based meat producer 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 company stated that it is "not yet able to reasonably quantify the amount" of the anticipated non-cash impairment charge for the three months ended September 27, 2025. This unexpected delay and the uncertainty surrounding the impairment charge have raised concerns among investors, contributing to the significant drop in share price.

Beyond Meat has been facing challenges in recent years, including weak sales and declining demand for its plant-based meat alternatives. The company has struggled with 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.

As the market awaits the rescheduled earnings report on November 11, investors will be closely watching Beyond Meat's ability to navigate these financial challenges and reverse its declining fortunes in the competitive plant-based meat market. The magnitude of the impairment charge and its impact on the company's financial health will be crucial factors in determining Beyond Meat's future prospects.