NEW YORK, May 23, 2026, 14:05 EDT
- Beyond Meat finished Friday at $0.77, off 2.9%. The Nasdaq Composite ended higher.
- U.S. stock markets are closed for Memorial Day, with trading set to resume on Tuesday.
- The focus this week is if the stock can move back above Nasdaq’s $1 minimum bid price rule.
Beyond Meat shares slid below $1 ahead of the Memorial Day weekend, closing Friday on the back foot and giving investors a weak tape to return to when U.S. markets reopen Tuesday.
Beyond Meat shares closed at $0.7659 on Friday, off 2.87%, according to MarketWatch. That snapped a two-day run even as the Nasdaq Composite added 0.19% and the Dow finished up 0.58%. Turnover came in at 29.7 million shares, far below the 50-day average of 61.7 million.
U.S. equity markets are shut for the weekend and won’t open Monday due to Memorial Day, Nasdaq’s 2026 holiday schedule shows. Trading is set to resume Tuesday, May 26.
Beyond Meat shares finished the week under pressure, lagging even as stocks broadly moved higher. Nasdaq-listed Beyond Meat dropped 4.77% over the past five sessions, according to MarketScreener. Friday alone saw the stock fall 2.87%.
Beyond Meat, Inc. included a governance item in its recent filing. According to a May 21 Form 8-K, shareholders rejected, in a non-binding advisory vote, executive pay packages. The tally was 34.8 million votes against, 16.5 million for, and 623,365 abstaining. There were also significant broker non-votes.
Sales are still a problem. Beyond Meat earlier this month said first-quarter revenue dropped 15.3% to $58.2 million as product volume fell 19.5%. Net loss came in at $28.5 million, less than the $61.1 million loss it reported a year ago. Beyond Meat expects second-quarter revenue between $60 million and $65 million, but said operating conditions are still uncertain.
Chief Executive Ethan Brown said in the earnings release the quarter brought a “decisive broadening” into functional food and beverage products, though the core business is still in focus. Brown also said there was “significant operating expense improvement” and that the company saw its lowest cash use for a quarter in more than two years. Beyond Meat, Inc.
Brown took a direct tone on the earnings call, saying first-quarter revenue met expectations but showed “continued headwinds in the plant-based meat category.” He noted gross margin got better, but it’s still “significantly below” where management thinks it can be. The Motley Fool
Beyond Meat’s missed Wall Street’s $67 million estimate, according to Reuters, citing LSEG numbers. Weak demand continues to drag on the company once known for rapid growth in the plant-based meat market, Reuters said.
Competitive pressure is changing. Beyond is now selling protein drinks and snacks, moving it closer to brands like Impossible Foods, Eat Just, and Silk. In March, AP reported those companies were also rolling out new protein offerings, as more shoppers check plant-based labels and nutrition claims. NIQ’s Chris Costagli told AP that ingredient scrutiny is leading some products “to stumble.” AP News
Share price worries are front and center for Beyond Meat after it got a Nasdaq deficiency notice in March. Its common stock traded below the $1 minimum bid for 30 straight sessions, so the company has until Aug. 31 to close above $1 for at least 10 days in a row to get back in line. Management said a reverse stock split is on the table. That move would shrink shares outstanding and usually bumps up the per-share price but doesn’t shift the company’s total value.
Balance sheet buys Beyond Meat some time, but wiggle room is tight. The company reported $205.8 million in cash, cash equivalents and restricted cash as of March 28, set against $411.6 million in debt carrying value. After the quarter closed, $62.6 million of 2030 notes got converted into stock, putting more shares on the market for investors to take in.
Beyond Meat faces a clear stretch next week after the holiday. The stock needs to keep its listing, stay liquid, and prove its new direction isn’t just talk as the legacy business contracts. Tuesday’s market action will likely stay muted.
