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Investing.com -- Beyond Meat (NASDAQ:BYND) stock rose 7% after the plant-based meat substitute maker reported preliminary third-quarter revenue that exceeded analyst expectations, amid a volatile week of trading for the shares.
The company said it expects to report net revenue of approximately $70 million for the three months ended September 27, 2025, surpassing the consensus estimate of $68.7 million. The figure is in line with the company’s previous guidance range of $68 million to $73 million.
Beyond Meat also projected gross margin to be between 10% and 11% for the quarter, including approximately $1.7 million in expenses related to the suspension of operations in China. Excluding these charges, gross margin is expected to be between 12% and 13%.
The preliminary results come during a week of extreme volatility for Beyond Meat shares, which surged to a high of $7.69 on Wednesday—representing a gain of over 1000% in a week—before reversing course. The stock traded near $3.00 in pre-market trading after closing at $2.84.
The company disclosed that it expects to record a material non-cash impairment charge related to certain long-lived assets for the quarter, though it cannot yet quantify the amount. Operating expenses are anticipated to be between $41 million and $43 million, including approximately $2 million in charges related to legal disputes with a former co-manufacturer and other non-routine items.