Beyond Meat soars amid retail trader happiness that it’s scheduled an earnings release
There’s optimism, there’s damning with faint praise, and then there are Beyond Meat bulls on Reddit.
Shares have jumped more than 20% at their peak on Thursday, briefly breaching $1, with some traders very happy that the faux meat seller has... scheduled its Q1 earnings report for after the market closes on May 6.
To be fair, they’ve got a point, given the company’s recent history of rather chaotically releasing preliminary results:
On March 16, Beyond said it was delaying the release of Q4 and full-year 2025 results until March 25, and released preliminary results. At the time, management said it needed more time to “complete a review and analysis related to its inventory provision.” On March 25, it then pushed that date out to March 31. CEO Ethan Brown would go on to blame American society for the company’s underwhelming sales outlook.
On October 21, Beyond scheduled its Q3 earnings release for November 4, then rescheduled for November 11. Management had already released Q3 preliminary figures out of the blue on October 24. This delay was due to its inability to quantify how big of a write-down to take.
Separately, Beyond’s retail enthusiasts are also touting the company’s ability to benefit from a report that the US Army is looking into meatless proteins, and, of course, the potential for a short squeeze in the stock.
