Beyond Meat, Inc. (NASDAQ: BYND) saw its stock price plummet 9.25% in after-hours trading on Wednesday following the release of its second-quarter financial results and announcements of cost-cutting measures. The plant-based meat alternative company reported disappointing earnings and revenue figures, missing analyst estimates and signaling ongoing challenges in its business environment.

The company's Q2 earnings per share came in at a loss of $0.43, with an adjusted loss of $0.40 per share, falling short of the analyst consensus estimate of a $0.37 loss. Revenue for the quarter was $75 million, significantly below the expected $82 million and representing a 19.56% decrease from the same period last year. Beyond Meat also reported a net loss of $33.2 million for the quarter, highlighting the company's ongoing struggle to achieve profitability.

In response to these challenges, Beyond Meat announced plans to reduce its workforce in North America by approximately 44 employees, implementing organizational changes and further cost-reduction measures. The company expects to incur one-time cash charges of about $0.8 million to $1.3 million in connection with this reduction in force. Adding to investor concerns, Beyond Meat declined to provide full-year guidance, citing an "elevated level of uncertainty within its operating environment." For the third quarter of 2025, the company projects net revenues in the range of $68 million to $73 million, indicating continued pressure on sales. These factors combined to fuel the significant after-hours sell-off, as investors reassessed the company's near-term prospects and growth trajectory.