Beyond Meat, Inc. (BYND) experienced a 9.27% plunge in its stock price during Wednesday's pre-market session, following the release of its fourth-quarter 2024 earnings results and 2025 outlook.

The plant-based meat alternative company reported a wider-than-expected loss for the fourth quarter, missing analysts' estimates. Despite a slight beat on revenue, Beyond Meat's bottom line and forward guidance disappointed investors.

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 full-year 2025 revenue guidance fell short of analysts' projections, with a 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.