BEYOND MEAT, INC. (BYND): restructuring charge — Beyond Meat Q4 net loss $44.9M, revenue up 4%; cuts workforce, suspends China ops

BEYOND MEAT, INC.

2024-FY EPS reported -$2.43 revenue$326,452,000

Net revenue $76.7M (+4% YoY); gross margin 13.1% vs -113.8% prior year.
Net loss $44.9M ($0.65/share) improved from $155.1M loss ($2.40) in Q4 2023.
Restructuring: cut 44 jobs (6% total workforce), suspend China operations; cash charges $1.5M-$2.5M, non-cash $12M-$17M.
CMO Akerho 'AK' Oghoghomeh leaves March 4, 2025; role eliminated.
Targets EBITDA-positive run-rate by end of 2026; savings from actions $5.5M-$6.5M cash in 2025.

item 2.02 item 2.05 item 5.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

BEYOND MEAT, INC. announced a restructuring with charges of approximately $0.5 million to $1.0 million affecting China (approximately 20 employees, representing approximately 95% of the Company’s China workforce (or approximately 3% of the).

Type: restructuring
Charge: approximately $0.5 million to $1.0 million
Affected area: China
Headcount: approximately 20 employees, representing approximately 95% of the Company’s China workforce (or approximately 3% of the

Exact text from the filing

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 $1.0 million to $1.5 million in connection with the 2025 RIF, primarily consisting of severance payments, employee benefits and related costs, in all cases, provided to departing employees.

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Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

BEYOND MEAT, INC. announced a impairment with charges of approximately $12.0 million to $17.0 million affecting China.

Type: impairment
Charge: approximately $12.0 million to $17.0 million
Affected area: China

Exact text from the filing

In addition, the Company currently estimates that it will incur one-time non-cash charges of approximately $12.0 million to $17.0 million, primarily related to accelerated depreciation and impairment charges and other write-downs on certain fixed assets in China.

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Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

BEYOND MEAT, INC. announced a restructuring with charges of approximately $1.0 million to $1.5 million affecting North America and the EU (approximately 44 employees, representing approximately 17% of the Company's global non-production workforce (or approxim).

Type: restructuring
Charge: approximately $1.0 million to $1.5 million
Affected area: North America and the EU
Headcount: approximately 44 employees, representing approximately 17% of the Company's global non-production workforce (or approxim

Exact text from the filing

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 $1.0 million to $1.5 million in connection with the 2025 RIF, primarily consisting of severance payments, employee benefits and related costs, in all cases, provided to departing employees.

View on SEC.gov

2 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

BEYOND MEAT, INC. filing history →

Source: SEC EDGAR

accession 0001655210-25-000020

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