Beyond Meat, Inc. (BYND) witnessed a pre-market plunge of 5.06% on Thursday, February 27, 2025, following the release of its fourth-quarter 2024 earnings results and 2025 guidance. The plant-based meat alternative company reported a wider-than-expected loss for Q4, missing analysts' estimates, while its 2025 revenue outlook fell short of consensus projections.

For the quarter ended December 2024, Beyond Meat posted an adjusted loss of $0.65 per share, significantly larger than the consensus estimate of $0.44 loss. Revenue for the quarter reached $76.66 million, narrowly surpassing expectations of $75.31 million. However, the company's gross margin of 13.1% was lower than expected due to unfavorable sales mix and foreign exchange impacts, leading to lower-than-anticipated net revenue per pound.

The disappointment extended to Beyond Meat's full-year 2025 revenue guidance, which fell in the range of $320 million to $335 million, compared to the consensus estimate of $337.6 million. This tepid outlook, coupled with the wider-than-expected Q4 loss, raised concerns among investors about the company's ability to navigate persistent demand challenges and inflationary pressures.

In an effort to improve its profitability and financial position, Beyond Meat announced plans to reduce its workforce by approximately 17% across North America and the European Union, impacting its non-production employees. Additionally, the company plans to suspend its operations in China by mid-2025, further streamlining its operations.

Analysts have reacted to the weak results and outlook by lowering their price targets on the stock, reflecting concerns over Beyond Meat's growth prospects and path to profitability. The company's shares have already declined by 5.3% year-to-date, following a nearly 58% slide in 2024, as the plant-based meat category continues to face headwinds and consumer uncertainty.