---
schema_version: "secwatch.filing_event.v1"
accession: "0001655210-23-000251"
form_type: "8-K"
ticker: "BYND"
cik: "0001655210"
company_name: "BEYOND MEAT, INC."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:31:47.874695+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Beyond Meat prelim Q3 revenue ~$75M, cuts FY2023 outlook, reduces workforce 19%

## Summary
- Preliminary Q3 net revenues ~$75M; gross profit loss ~$7-8M; free cash flow +$7.6M but not sustainable in Q4.
- FY2023 net revenue guidance cut to $330-340M (down ~19-21% YoY); gross profit expected ~breakeven; capex $10-15M.
- Reduction of ~65 non-production employees (19%; 8% total); $2.0-2.5M Q4 charges; expects $9.5-10.5M cash and $1-2M non-cash savings in 2024.
- Initiating global operations review; potential exit of select product lines, pricing changes, inventory reduction, China restructuring.

## SEC filing metadata
- accession: 0001655210-23-000251
- form_type: 8-K
- ticker: BYND
- cik: 0001655210
- company_name: BEYOND MEAT, INC.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1655210/000165521023000251/0001655210-23-000251-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1655210/000165521023000251/bynd-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001655210-23-000251
- JSON: https://secwatch.observer/filing/0001655210-23-000251.json
- Plain text: https://secwatch.observer/filing/0001655210-23-000251.txt

## Key facts
- Earnings Releases
  BEYOND MEAT, INC. updated its third quarter ended September 30, 2023 guidance (reaffirmed).
  - Period: third quarter ended September 30, 2023
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: On November 2, 2023, Beyond Meat, Inc. (the “Company”) issued a press release providing preliminary results for the third quarter ended September 30, 2023 and an updated 2023 full year outlook.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1655210/000165521023000251/0001655210-23-000251-index.htm
- Earnings Releases
  BEYOND MEAT, INC. updated its fiscal year 2023 guidance (lowered).
  - Period: fiscal year 2023
  - Guidance: lowered
  - Result: guidance update
  source text: As a result of the softer than anticipated third quarter results and the Company’s updated expectations for the balance of the year, the Company is revising the following key elements of its 2023 full year outlook.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1655210/000165521023000251/0001655210-23-000251-index.htm
- Restructurings & Charges
  BEYOND MEAT, INC. announced a restructuring with charges of approximately $2.0 million to $2.5 million (approximately 65 employees, representing approximately 19% of the Company’s global non-production workforce (or approxim).
  - Type: restructuring
  - Charge: approximately $2.0 million to $2.5 million
  - Headcount: approximately 65 employees, representing approximately 19% of the Company’s global non-production workforce (or approxim
  source text: On November 1, 2023, the Board of Directors of the Company approved a plan to reduce the Company’s current workforce by approximately 65 employees, representing approximately 19% of the Company’s global non-production workforce (or approximately 8% of the Company’s total global workforce). This decision was based on cost-reduction initiatives intended to reduce operating expenses. The Company currently estimates that it will incur one-time cash charges of approximately $2.0 million to $2.5 million in connection with the reduction in force, primarily consisting of notice period and severance payments, employee benefits and related costs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1655210/000165521023000251/0001655210-23-000251-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.