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[8-K] Beyond Meat, Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Q2 FY25 snapshot (ended 27-Jun-25):

  • Total revenue $78.9 m (+1.6 % YoY); revenue-before-reimb. $77.6 m (+2.3 %).
  • Operating income fell 63 % to $4.6 m; net income collapsed 81 % to $1.7 m, diluted EPS $0.06 vs $0.31.
  • Gross margin compressed to 35 % as non-cash stock-based comp soared to $9.7 m (prior-year $2.9 m) due to new market-price awards and LeewayHertz earn-outs.
  • Segment mix: Global S&BT $44.2 m (+4.6 %), SAP Solutions $13.9 m (+12.5 %), Oracle Solutions $20.8 m (-9.7 %).
  • H1 operating cash flow $9.8 m (-40 %); cash balance $10.1 m (-38 % YTD) after $10 m revolver draw, pushing debt to $22.8 m.
  • Capital deployment: $10.5 m share buybacks (382 k shs), $6.6 m dividends; repurchase authorization lifted to $30 m.
  • Acquisitions: Spend Matters assets ($0.8 m) added $2.0 m intangibles; leverage of FY24 LeewayHertz AI deal takes goodwill to $91.1 m.
  • Future: Q3 restructuring charge $1.5-2.0 m aligned with Gen-AI strategy.

Company remains covenant-compliant on $100 m revolver; liquidity tightens but platform and AI moves aim at long-term growth.

Riepilogo Q2 FY25 (terminato il 27-giu-25):

  • Ricavi totali 78,9 milioni di dollari (+1,6% su base annua); ricavi al netto dei rimborsi 77,6 milioni di dollari (+2,3%).
  • Reddito operativo in calo del 63% a 4,6 milioni di dollari; utile netto crollato dell'81% a 1,7 milioni di dollari, EPS diluito 0,06$ contro 0,31$.
  • Margine lordo ridotto al 35% a causa dell鈥檃umento significativo della componente non monetaria legata alle stock option, salita a 9,7 milioni di dollari (2,9 milioni nell鈥檃nno precedente) per effetto di nuovi premi basati sul prezzo di mercato e degli earn-out di LeewayHertz.
  • Composizione per segmento: Global S&BT 44,2 milioni di dollari (+4,6%), SAP Solutions 13,9 milioni (+12,5%), Oracle Solutions 20,8 milioni (-9,7%).
  • Flusso di cassa operativo primo semestre 9,8 milioni di dollari (-40%); saldo di cassa 10,1 milioni (-38% da inizio anno) dopo un prelievo di 10 milioni sul revolver, che ha portato il debito a 22,8 milioni.
  • Distribuzione capitale: riacquisto di azioni per 10,5 milioni di dollari (382 mila azioni), dividendi per 6,6 milioni; autorizzazione al riacquisto aumentata a 30 milioni.
  • Acquisizioni: acquisiti asset di Spend Matters (0,8 milioni) con 2,0 milioni di intangibili aggiunti; l鈥檕perazione AI con LeewayHertz del FY24 ha portato l鈥檃vviamento a 91,1 milioni.
  • Prospettive: nel Q3 previsto un costo di ristrutturazione tra 1,5 e 2,0 milioni allineato alla strategia Gen-AI.

L鈥檃zienda mantiene la conformit脿 ai covenant sul revolver da 100 milioni; la liquidit脿 si restringe ma le iniziative sulla piattaforma e sull鈥橝I puntano a una crescita sostenibile nel lungo termine.

Resumen del Q2 FY25 (finalizado el 27-jun-25):

  • Ingresos totales de 78,9 millones de d贸lares (+1,6 % interanual); ingresos antes de reembolsos de 77,6 millones (+2,3 %).
  • Ingreso operativo cay贸 un 63 % a 4,6 millones; ingreso neto se desplom贸 un 81 % a 1,7 millones, EPS diluido de 0,06$ frente a 0,31$.
  • Margen bruto comprimido al 35 % debido al aumento significativo de la compensaci贸n en acciones no monetaria, que subi贸 a 9,7 millones (2,9 millones el a帽o anterior) por nuevos premios basados en precio de mercado y pagos contingentes de LeewayHertz.
  • Mix por segmento: Global S&BT 44,2 millones (+4,6 %), SAP Solutions 13,9 millones (+12,5 %), Oracle Solutions 20,8 millones (-9,7 %).
  • Flujo operativo de caja en el primer semestre 9,8 millones (-40 %); saldo de caja 10,1 millones (-38 % en el a帽o) tras un retiro de 10 millones del revolver, elevando la deuda a 22,8 millones.
  • Distribuci贸n de capital: recompras de acciones por 10,5 millones (382 mil acciones), dividendos por 6,6 millones; autorizaci贸n para recompras aumentada a 30 millones.
  • Adquisiciones: activos de Spend Matters (0,8 millones) a帽adieron 2,0 millones en intangibles; la operaci贸n de IA con LeewayHertz en FY24 elev贸 el goodwill a 91,1 millones.
  • Futuro: en Q3 se espera un cargo por reestructuraci贸n de 1,5 a 2,0 millones alineado con la estrategia Gen-AI.

La empresa sigue cumpliendo con los convenios del revolver de 100 millones; la liquidez se ajusta pero las iniciativas en plataforma e IA apuntan a un crecimiento sostenible a largo plazo.

2025 須岅硠鞐半弰 2攵勱赴 鞖旍暯 (6鞗� 27鞚� 膦呺):

  • 齑濍Г於� 7,890毵� 雼煬 (鞝勲厔 雽�牍� +1.6%); 頇橁笁 鞝� 毵れ稖 7,760毵� 雼煬 (+2.3%).
  • 鞓侅梾鞚挫澋 63% 臧愳唽頃橃棳 460毵� 雼煬; 靾滌澊鞚奠潃 81% 旮夑皭頃橃棳 170毵� 雼煬, 頋劃 欤茧嫻靾滌澊鞚� 0.06雼煬 雽�牍� 鞚挫爠 0.31雼煬.
  • 牍勴槃旮� 欤检嫕旮半皹 氤挫儊牍勳毄鞚� 970毵� 雼煬(鞝勲厔 290毵� 雼煬)搿� 旮夓頃橂┌ 齑濎澊鞚惦 35%搿� 於曥唽, 鞚措姅 鞁犼窚 鞁滌灔臧�瓴� 旮半皹 氤挫儊 氚� LeewayHertz 鞚胳垬 頉� 歆�旮夓“瓯� 霑岆.
  • 靷梾攵�氤� 毵れ稖: 旮�搿滊矊 S&BT 4,420毵� 雼煬 (+4.6%), SAP 靻旊（靺� 1,390毵� 雼煬 (+12.5%), 鞓る澕韥� 靻旊（靺� 2,080毵� 雼煬 (-9.7%).
  • 靸侂皹旮� 鞓侅梾順勱笀頋愲 980毵� 雼煬 (-40%); 順勱笀鞛旉碃 1,010毵� 雼煬 (鞐办磮 雽�牍� -38%)搿� 1,000毵� 雼煬 毽臣氩� 雽�於� 頉� 攵�毂� 2,280毵� 雼煬搿� 歃濌皜.
  • 鞛愲掣 氚半秳: 鞛愳偓欤� 毵れ瀰 1,050毵� 雼煬 (38毵� 2觳滌＜), 氚半嫻旮� 660毵� 雼煬; 鞛愳偓欤� 毵れ瀰 鞀轨澑 頃滊弰 3,000毵� 雼煬搿� 靸來枼.
  • 鞚胳垬: Spend Matters 鞛愳偘 (80毵� 雼煬) 旆摑鞙茧 氍错槙鞛愳偘 200毵� 雼煬 歃濌皜; FY24 LeewayHertz AI 瓯半灅搿� 鞓侅梾甓� 9,110毵� 雼煬.
  • 頄ロ泟 瓿勴殟: 3攵勱赴 甑“臁办爼 牍勳毄 150毵寏200毵� 雼煬 鞓堨儊, Gen-AI 鞝勲灥瓿� 鞐瓣硠.

須岇偓電� 1鞏� 雼煬 毽臣氩� 雽�於� 鞎届爼 臁瓣贝鞚� 欷�靾� 欷戩澊氅�, 鞙犽彊靹膘潃 雼れ唽 旮挫稌霅橃棃鞙茧倶 頂岆灚韽� 氚� AI 甏�霠� 鞝勲灥鞙茧 鞛リ赴 靹膘灔鞚� 氇╉憸搿� 頃�.

R茅sum茅 du T2 FY25 (clos le 27 juin 2025) :

  • Chiffre d'affaires total de 78,9 M$ (+1,6 % en glissement annuel) ; chiffre d'affaires hors remboursements de 77,6 M$ (+2,3 %).
  • R茅sultat op茅rationnel en baisse de 63 % 脿 4,6 M$ ; r茅sultat net en chute de 81 % 脿 1,7 M$, BPA dilu茅 de 0,06$ contre 0,31$.
  • Marge brute comprim茅e 脿 35 % en raison d'une forte augmentation de la r茅mun茅ration en actions non mon茅taire, passant 脿 9,7 M$ (2,9 M$ l鈥檃n dernier) li茅e 脿 de nouvelles attributions bas茅es sur le cours du march茅 et aux earn-outs de LeewayHertz.
  • R茅partition par segment : Global S&BT 44,2 M$ (+4,6 %), SAP Solutions 13,9 M$ (+12,5 %), Oracle Solutions 20,8 M$ (-9,7 %).
  • Flux de tr茅sorerie op茅rationnel semestriel de 9,8 M$ (-40 %) ; solde de tr茅sorerie de 10,1 M$ (-38 % depuis le d茅but de l鈥檃nn茅e) apr猫s un tirage de 10 M$ sur la ligne de cr茅dit renouvelable, portant la dette 脿 22,8 M$.
  • Utilisation du capital : rachats d鈥檃ctions pour 10,5 M$ (382 000 actions), dividendes de 6,6 M$ ; autorisation de rachat port茅e 脿 30 M$.
  • Acquisitions : actifs de Spend Matters (0,8 M$) ajoutant 2,0 M$ d鈥檃ctifs incorporels ; l鈥檃ccord IA LeewayHertz FY24 porte le goodwill 脿 91,1 M$.
  • Avenir : charge de restructuration pr茅vue au T3 entre 1,5 et 2,0 M$ en lien avec la strat茅gie Gen-AI.

L鈥檈ntreprise reste conforme aux engagements li茅s 脿 la ligne de cr茅dit renouvelable de 100 M$ ; la liquidit茅 se resserre, mais les initiatives plateforme et IA visent une croissance durable 脿 long terme.

脺berblick Q2 FY25 (per 27. Juni 2025):

  • Gesamtumsatz 78,9 Mio. USD (+1,6 % im Jahresvergleich); Umsatz vor Erstattungen 77,6 Mio. USD (+2,3 %).
  • Betriebsergebnis sank um 63 % auf 4,6 Mio. USD; Nettogewinn brach um 81 % auf 1,7 Mio. USD ein, verw盲ssertes EPS 0,06 USD gegen眉ber 0,31 USD.
  • Bruttomarge schrumpfte auf 35 %, da nicht zahlungswirksame aktienbasierte Verg眉tungen auf 9,7 Mio. USD stiegen (Vorjahr 2,9 Mio. USD) aufgrund neuer marktpreisbasierter Auszeichnungen und Earn-outs von LeewayHertz.
  • Segmentmix: Global S&BT 44,2 Mio. USD (+4,6 %), SAP Solutions 13,9 Mio. USD (+12,5 %), Oracle Solutions 20,8 Mio. USD (-9,7 %).
  • Operativer Cashflow im ersten Halbjahr 9,8 Mio. USD (-40 %); Kassenbestand 10,1 Mio. USD (-38 % im Jahresverlauf) nach einer Revolverabhebung von 10 Mio. USD, wodurch die Verschuldung auf 22,8 Mio. USD anstieg.
  • Kapitalverwendung: Aktienr眉ckk盲ufe in H枚he von 10,5 Mio. USD (382.000 Aktien), Dividenden 6,6 Mio.; R眉ckkaufgenehmigung auf 30 Mio. USD erh枚ht.
  • Akquisitionen: Spend Matters Verm枚genswerte (0,8 Mio. USD) f眉gten 2,0 Mio. USD immaterielle Verm枚genswerte hinzu; der FY24 LeewayHertz KI-Deal erh枚hte den Firmenwert auf 91,1 Mio. USD.
  • Zukunft: Im Q3 wird eine Restrukturierungsaufwendung von 1,5 bis 2,0 Mio. USD erwartet, abgestimmt auf die Gen-AI-Strategie.

Das Unternehmen erf眉llt weiterhin die Covenants des 100-Millionen-USD-Revolvers; die Liquidit盲t verengt sich, aber Plattform- und KI-Initiativen zielen auf langfristiges Wachstum ab.

Positive
  • Revenue resilience: total revenue up 1.6 % YoY despite mixed IT-services market.
  • SAP & Global S&BT growth: double-digit SAP and mid-single-digit consulting gains indicate traction in AI-led and transformation offerings.
  • Expanded buyback capacity: board boosted repurchase authorization to $30 m, signalling confidence.
  • Covenant headroom: company remains compliant on $100 m revolver with net debt still moderate.
Negative
  • Profit collapse: net income down 81 %; diluted EPS fell to $0.06.
  • Margin pressure: surge in stock-based compensation and SG&A slashed operating margin from 16 % to 6 %.
  • Liquidity decline: cash dropped 38 % YTD while debt almost doubled to $22.8 m.
  • Oracle Solutions weakness: segment revenue fell 9.7 %, signalling client decision delays.
  • Upcoming restructuring: expected $1.5-2.0 m charge will further dent H2 earnings.

Insights

TL;DR 鈥� Earnings down sharply; cash squeezed; AI bets increase risk-reward.

The 2 % revenue uptick masks severe margin erosion driven by unusually high $19 m YTD stock-comp and integration costs. Net leverage is still modest, yet cash coverage has thinned to 0.4脳 quarterly SG&A, limiting flexibility while buybacks and dividends continue. Segment data show solid demand for S&BT and SAP work, but Oracle slowdown and forthcoming restructuring create uncertainty. Unless AI-led wins materialise, FY25 EPS guidance (not supplied here) is likely to reset lower. Overall tone: negative.

TL;DR 鈥� Strategic pivot to Gen AI intact; near-term profitability sacrificed.

Hackett is doubling down on Gen AI by integrating LeewayHertz鈥檚 ZBrain and purchasing Spend Matters data assets. These moves strengthen IP and could raise price-per-engagement, but they also inflate compensation and integration overheads, compressing margin to 5.8 %. Client mix still U.S.-centric (79 % revenue). Upcoming $1.5-2 m severance should streamline delivery once AI platforms scale. Investors must weigh short-term earnings pain against differentiated AI value proposition.

Riepilogo Q2 FY25 (terminato il 27-giu-25):

  • Ricavi totali 78,9 milioni di dollari (+1,6% su base annua); ricavi al netto dei rimborsi 77,6 milioni di dollari (+2,3%).
  • Reddito operativo in calo del 63% a 4,6 milioni di dollari; utile netto crollato dell'81% a 1,7 milioni di dollari, EPS diluito 0,06$ contro 0,31$.
  • Margine lordo ridotto al 35% a causa dell鈥檃umento significativo della componente non monetaria legata alle stock option, salita a 9,7 milioni di dollari (2,9 milioni nell鈥檃nno precedente) per effetto di nuovi premi basati sul prezzo di mercato e degli earn-out di LeewayHertz.
  • Composizione per segmento: Global S&BT 44,2 milioni di dollari (+4,6%), SAP Solutions 13,9 milioni (+12,5%), Oracle Solutions 20,8 milioni (-9,7%).
  • Flusso di cassa operativo primo semestre 9,8 milioni di dollari (-40%); saldo di cassa 10,1 milioni (-38% da inizio anno) dopo un prelievo di 10 milioni sul revolver, che ha portato il debito a 22,8 milioni.
  • Distribuzione capitale: riacquisto di azioni per 10,5 milioni di dollari (382 mila azioni), dividendi per 6,6 milioni; autorizzazione al riacquisto aumentata a 30 milioni.
  • Acquisizioni: acquisiti asset di Spend Matters (0,8 milioni) con 2,0 milioni di intangibili aggiunti; l鈥檕perazione AI con LeewayHertz del FY24 ha portato l鈥檃vviamento a 91,1 milioni.
  • Prospettive: nel Q3 previsto un costo di ristrutturazione tra 1,5 e 2,0 milioni allineato alla strategia Gen-AI.

L鈥檃zienda mantiene la conformit脿 ai covenant sul revolver da 100 milioni; la liquidit脿 si restringe ma le iniziative sulla piattaforma e sull鈥橝I puntano a una crescita sostenibile nel lungo termine.

Resumen del Q2 FY25 (finalizado el 27-jun-25):

  • Ingresos totales de 78,9 millones de d贸lares (+1,6 % interanual); ingresos antes de reembolsos de 77,6 millones (+2,3 %).
  • Ingreso operativo cay贸 un 63 % a 4,6 millones; ingreso neto se desplom贸 un 81 % a 1,7 millones, EPS diluido de 0,06$ frente a 0,31$.
  • Margen bruto comprimido al 35 % debido al aumento significativo de la compensaci贸n en acciones no monetaria, que subi贸 a 9,7 millones (2,9 millones el a帽o anterior) por nuevos premios basados en precio de mercado y pagos contingentes de LeewayHertz.
  • Mix por segmento: Global S&BT 44,2 millones (+4,6 %), SAP Solutions 13,9 millones (+12,5 %), Oracle Solutions 20,8 millones (-9,7 %).
  • Flujo operativo de caja en el primer semestre 9,8 millones (-40 %); saldo de caja 10,1 millones (-38 % en el a帽o) tras un retiro de 10 millones del revolver, elevando la deuda a 22,8 millones.
  • Distribuci贸n de capital: recompras de acciones por 10,5 millones (382 mil acciones), dividendos por 6,6 millones; autorizaci贸n para recompras aumentada a 30 millones.
  • Adquisiciones: activos de Spend Matters (0,8 millones) a帽adieron 2,0 millones en intangibles; la operaci贸n de IA con LeewayHertz en FY24 elev贸 el goodwill a 91,1 millones.
  • Futuro: en Q3 se espera un cargo por reestructuraci贸n de 1,5 a 2,0 millones alineado con la estrategia Gen-AI.

La empresa sigue cumpliendo con los convenios del revolver de 100 millones; la liquidez se ajusta pero las iniciativas en plataforma e IA apuntan a un crecimiento sostenible a largo plazo.

2025 須岅硠鞐半弰 2攵勱赴 鞖旍暯 (6鞗� 27鞚� 膦呺):

  • 齑濍Г於� 7,890毵� 雼煬 (鞝勲厔 雽�牍� +1.6%); 頇橁笁 鞝� 毵れ稖 7,760毵� 雼煬 (+2.3%).
  • 鞓侅梾鞚挫澋 63% 臧愳唽頃橃棳 460毵� 雼煬; 靾滌澊鞚奠潃 81% 旮夑皭頃橃棳 170毵� 雼煬, 頋劃 欤茧嫻靾滌澊鞚� 0.06雼煬 雽�牍� 鞚挫爠 0.31雼煬.
  • 牍勴槃旮� 欤检嫕旮半皹 氤挫儊牍勳毄鞚� 970毵� 雼煬(鞝勲厔 290毵� 雼煬)搿� 旮夓頃橂┌ 齑濎澊鞚惦 35%搿� 於曥唽, 鞚措姅 鞁犼窚 鞁滌灔臧�瓴� 旮半皹 氤挫儊 氚� LeewayHertz 鞚胳垬 頉� 歆�旮夓“瓯� 霑岆.
  • 靷梾攵�氤� 毵れ稖: 旮�搿滊矊 S&BT 4,420毵� 雼煬 (+4.6%), SAP 靻旊（靺� 1,390毵� 雼煬 (+12.5%), 鞓る澕韥� 靻旊（靺� 2,080毵� 雼煬 (-9.7%).
  • 靸侂皹旮� 鞓侅梾順勱笀頋愲 980毵� 雼煬 (-40%); 順勱笀鞛旉碃 1,010毵� 雼煬 (鞐办磮 雽�牍� -38%)搿� 1,000毵� 雼煬 毽臣氩� 雽�於� 頉� 攵�毂� 2,280毵� 雼煬搿� 歃濌皜.
  • 鞛愲掣 氚半秳: 鞛愳偓欤� 毵れ瀰 1,050毵� 雼煬 (38毵� 2觳滌＜), 氚半嫻旮� 660毵� 雼煬; 鞛愳偓欤� 毵れ瀰 鞀轨澑 頃滊弰 3,000毵� 雼煬搿� 靸來枼.
  • 鞚胳垬: Spend Matters 鞛愳偘 (80毵� 雼煬) 旆摑鞙茧 氍错槙鞛愳偘 200毵� 雼煬 歃濌皜; FY24 LeewayHertz AI 瓯半灅搿� 鞓侅梾甓� 9,110毵� 雼煬.
  • 頄ロ泟 瓿勴殟: 3攵勱赴 甑“臁办爼 牍勳毄 150毵寏200毵� 雼煬 鞓堨儊, Gen-AI 鞝勲灥瓿� 鞐瓣硠.

須岇偓電� 1鞏� 雼煬 毽臣氩� 雽�於� 鞎届爼 臁瓣贝鞚� 欷�靾� 欷戩澊氅�, 鞙犽彊靹膘潃 雼れ唽 旮挫稌霅橃棃鞙茧倶 頂岆灚韽� 氚� AI 甏�霠� 鞝勲灥鞙茧 鞛リ赴 靹膘灔鞚� 氇╉憸搿� 頃�.

R茅sum茅 du T2 FY25 (clos le 27 juin 2025) :

  • Chiffre d'affaires total de 78,9 M$ (+1,6 % en glissement annuel) ; chiffre d'affaires hors remboursements de 77,6 M$ (+2,3 %).
  • R茅sultat op茅rationnel en baisse de 63 % 脿 4,6 M$ ; r茅sultat net en chute de 81 % 脿 1,7 M$, BPA dilu茅 de 0,06$ contre 0,31$.
  • Marge brute comprim茅e 脿 35 % en raison d'une forte augmentation de la r茅mun茅ration en actions non mon茅taire, passant 脿 9,7 M$ (2,9 M$ l鈥檃n dernier) li茅e 脿 de nouvelles attributions bas茅es sur le cours du march茅 et aux earn-outs de LeewayHertz.
  • R茅partition par segment : Global S&BT 44,2 M$ (+4,6 %), SAP Solutions 13,9 M$ (+12,5 %), Oracle Solutions 20,8 M$ (-9,7 %).
  • Flux de tr茅sorerie op茅rationnel semestriel de 9,8 M$ (-40 %) ; solde de tr茅sorerie de 10,1 M$ (-38 % depuis le d茅but de l鈥檃nn茅e) apr猫s un tirage de 10 M$ sur la ligne de cr茅dit renouvelable, portant la dette 脿 22,8 M$.
  • Utilisation du capital : rachats d鈥檃ctions pour 10,5 M$ (382 000 actions), dividendes de 6,6 M$ ; autorisation de rachat port茅e 脿 30 M$.
  • Acquisitions : actifs de Spend Matters (0,8 M$) ajoutant 2,0 M$ d鈥檃ctifs incorporels ; l鈥檃ccord IA LeewayHertz FY24 porte le goodwill 脿 91,1 M$.
  • Avenir : charge de restructuration pr茅vue au T3 entre 1,5 et 2,0 M$ en lien avec la strat茅gie Gen-AI.

L鈥檈ntreprise reste conforme aux engagements li茅s 脿 la ligne de cr茅dit renouvelable de 100 M$ ; la liquidit茅 se resserre, mais les initiatives plateforme et IA visent une croissance durable 脿 long terme.

脺berblick Q2 FY25 (per 27. Juni 2025):

  • Gesamtumsatz 78,9 Mio. USD (+1,6 % im Jahresvergleich); Umsatz vor Erstattungen 77,6 Mio. USD (+2,3 %).
  • Betriebsergebnis sank um 63 % auf 4,6 Mio. USD; Nettogewinn brach um 81 % auf 1,7 Mio. USD ein, verw盲ssertes EPS 0,06 USD gegen眉ber 0,31 USD.
  • Bruttomarge schrumpfte auf 35 %, da nicht zahlungswirksame aktienbasierte Verg眉tungen auf 9,7 Mio. USD stiegen (Vorjahr 2,9 Mio. USD) aufgrund neuer marktpreisbasierter Auszeichnungen und Earn-outs von LeewayHertz.
  • Segmentmix: Global S&BT 44,2 Mio. USD (+4,6 %), SAP Solutions 13,9 Mio. USD (+12,5 %), Oracle Solutions 20,8 Mio. USD (-9,7 %).
  • Operativer Cashflow im ersten Halbjahr 9,8 Mio. USD (-40 %); Kassenbestand 10,1 Mio. USD (-38 % im Jahresverlauf) nach einer Revolverabhebung von 10 Mio. USD, wodurch die Verschuldung auf 22,8 Mio. USD anstieg.
  • Kapitalverwendung: Aktienr眉ckk盲ufe in H枚he von 10,5 Mio. USD (382.000 Aktien), Dividenden 6,6 Mio.; R眉ckkaufgenehmigung auf 30 Mio. USD erh枚ht.
  • Akquisitionen: Spend Matters Verm枚genswerte (0,8 Mio. USD) f眉gten 2,0 Mio. USD immaterielle Verm枚genswerte hinzu; der FY24 LeewayHertz KI-Deal erh枚hte den Firmenwert auf 91,1 Mio. USD.
  • Zukunft: Im Q3 wird eine Restrukturierungsaufwendung von 1,5 bis 2,0 Mio. USD erwartet, abgestimmt auf die Gen-AI-Strategie.

Das Unternehmen erf眉llt weiterhin die Covenants des 100-Millionen-USD-Revolvers; die Liquidit盲t verengt sich, aber Plattform- und KI-Initiativen zielen auf langfristiges Wachstum ab.

0001655210false00016552102025-08-062025-08-06


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): August 6, 2025

BEYOND MEAT, INC.
(Exact name of registrant as specified in its charter)

Delaware001-3887926-4087597
(State or other jurisdiction
of incorporation)
(Commission File Number)
(I.R.S. Employer
Identification Number)
888 N. Douglas Street, Suite 100
El Segundo, California 90245
(Address of principal executive offices, including zip code)

(866) 756-4112
(Registrant’s telephone number, including area code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.0001 par valueBYNDThe Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐







Item 2.02 Results of Operations and Financial Condition.
On August 6, 2025, Beyond Meat, Inc. (the “Company”) issued a press release announcing its financial results for the second quarter ended June 28, 2025. The full text of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the information contained or incorporated by reference in this Item 2.02, including the press release furnished herewith as Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such a filing.
Item 2.05 Costs Associated with Exit or Disposal Activities.
On August 6, 2025, management of the Company approved a plan to reduce the Company’s current workforce in North America by approximately 44 employees, representing approximately 6% of the Company’s total global workforce. This decision was based on cost-reduction initiatives intended to reduce cost of goods sold and operating expenses.
The Company estimates that it will incur one-time cash charges of approximately $0.8 million to $1.3 million in connection with the reduction in force, primarily consisting of severance payments, employee benefits and related costs, in all cases, provided to departing employees. The Company expects that the majority of these charges will be incurred in the third quarter of 2025, subject to applicable legal requirements, which may delay the time these charges will be incurred beyond the end of the third quarter of 2025. The calculation of the charges the Company estimates it will incur are subject to uncertainties and based on a number of assumptions, including applicable legal requirements; the actual charges incurred may differ from the estimate disclosed above.
In aggregate, over the next twelve months, the reduction in force is expected to result in approximately $5.0 million to $6.0 million in cash compensation expense savings, and an additional approximately $0.5 million to $1.0 million in non-cash savings related to previously granted, unvested stock-based compensation that would have vested over the next twelve months.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 6, 2025, John Boken, age 62, was appointed as the Company’s interim Chief Transformation Officer (the “CTO”). Mr. Boken has been a Partner and Managing Director in the Turnaround and Restructuring Services practice at AlixPartners, LLP (“AlixPartners”), an international consultancy firm, for over 6 years and has over 35 years of interim management, corporate turnaround and restructuring experience. As part of his employment at AlixPartners, and a predecessor entity, Zolfo Cooper LLC, Mr. Boken served as Chief Executive Officer of MVK FarmCo LLC dba Prima Wawona from February 2023 to April 2024, as CEO of SolarWorld Americas from January 2018 to July 2022 and as Deputy Chief Restructuring Officer for PG&E Corporation from January 2019 to July 2020, among other executive roles with client companies. Mr. Boken was a Managing Director at Zolfo Cooper LLC, a boutique corporate turnaround and restructuring firm, from July 2002 to November 2018 before Mr. Boken and his partners sold the firm to AlixPartners in November 2018 and combined the practices. Prior to joining Zolfo Cooper LLC in July 2002, Mr. Boken was the Managing Partner of the Los Angeles corporate restructuring practice at


Arthur Andersen. Mr. Boken serves on the Board of Directors for The Pasha Group, a privately owned, West Coast-based leader in the shipping, transportation and logistics industry and on the Board of Trustees for the University of Scranton. Mr. Boken holds a B.S. in finance from Santa Clara University and is a Certified Public Accountant (inactive), as well as a member of the Turnaround Management Association.
The Company and AP Services, LLC (“APS”), an affiliate of AlixPartners, entered into an engagement letter dated August 6, 2025 (the “Engagement Letter”) pursuant to which APS will provide for Mr. Boken to serve as the Company’s interim CTO, certain complementary services in support of the CTO’s responsibilities under the Engagement Letter (the “Core Team Services”) and additional staffing that may be required. Under the Engagement Letter, the Company will pay a monthly fee of $215,000 for Mr. Boken’s services, a flat weekly rate of $135,000 for 2.5 full time equivalent professionals for the Core Team Services, in addition to reasonable out-of-pocket expenses. The foregoing description of the Engagement Letter does not purport to be complete and is subject to and qualified in its entirety by reference to the full text of the Engagement Letter, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Except pursuant to the Engagement Letter and through his positions at AlixPartners and APS, there is no arrangement pursuant to which Mr. Boken was selected as an officer, there are no family relationships between him and any director or other executive officer of the Company, and there are no transactions involving him or a member of his immediate family that would require disclosure by the Company under Item 404(a) of Regulation S-K.
Item 7.01 Regulation FD Disclosure.
In conjunction with the press release announcing its financial results for the second quarter ended June 28, 2025, on August 6, 2025 the Company also announced a reduction in force, described above in Item 2.05 of this Current Report on Form 8-K, and appointment of the Company’s interim CTO, described above in Item 5.02 of this Current Report on Form 8-K. The full text of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the information contained or incorporated by reference in this Item 7.01, including the press release furnished herewith as Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any filing under the Securities Act, or the Exchange Act, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such a filing.
Note Regarding Forward-Looking Statements
Certain statements in this Current Report on Form 8-K constitute “forward-looking statements” within the meaning of the federal securities laws. These statements are based on management’s current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results. Forward-looking statements include statements regarding the Company’s operations and financial results and expected charges and savings related to the Company’s workforce reduction described herein. These forward-looking statements are only predictions, not historical fact, and involve certain risks and uncertainties, as well as assumptions. Actual results, levels of activity, performance, achievements and events could differ materially from those stated, anticipated or implied by such forward-looking statements. While the Company believes that its assumptions are reasonable, it is very difficult to predict the impact of known factors, and, of course, it is impossible to anticipate all factors that could affect actual results. There are many risks and uncertainties that could cause actual results to differ materially from forward-looking


statements made or implied herein including the risks discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC on March 5, 2025, the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 29, 2025 filed with the SEC on May 8, 2025 and the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 28, 2025 to be filed with the SEC, as well as other factors described from time to time in the Company's filings with the SEC. Such forward-looking statements are made only as of the date of this Current Report on Form 8-K. The Company undertakes no obligation to publicly update or revise any forward-looking statement because of new information, future events or otherwise, except as otherwise required by law. If it does update one or more forward-looking statements, no inference should be made that the Company will make additional updates with respect to those or other forward-looking statements.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number
Description
10.1+
Engagement Letter dated as of August 6, 2025 by and between Beyond Meat, Inc. and AP Services, LLC
99.1
Press release of Beyond Meat, Inc. dated August 6, 2025 relating to its financial results for the second quarter ended June 28, 2025
104
Cover page interactive data file (embedded with the inline XBRL document)
 _____________ 
+ Certain portions of this document that constitute confidential information have been redacted in accordance with Regulation S-K, Item 601(b)(10). 



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



BEYOND MEAT, INC.
By:
/s/ Lubi Kutua
Lubi Kutua
Chief Financial Officer and Treasurer


Date: August 6, 2025



Source:

FAQ

How did HCKT's Q2 2025 revenue compare to last year?

Q2 revenue was $78.9 million, up 1.6 % from $77.7 million in Q2 2024.

Why did Hackett Group's net income fall in Q2 2025?

Higher stock-based compensation ($9.7 m vs $2.9 m) and integration costs drove margins lower, cutting net income to $1.7 m.

What is Hackett Group's current debt level?

Long-term debt rose to $22.8 million after a $10 million revolver draw; facility capacity is $100 million.

How much stock did HCKT repurchase in 1H 2025?

The company bought back 382,000 shares for $10.5 million and now has $30 million authorized for future buybacks.

What acquisitions affected the quarter?

Hackett closed a $0.8 million asset purchase of Spend Matters and continued integrating the 2024 LeewayHertz AI deal.

Are additional charges expected in 2025?

Management plans $1.5鈥�2.0 million in Q3 restructuring costs linked to its Gen AI transition.
Stock BYND logo
Beyond Meat

NASDAQ:BYND

BYND Rankings

#5704 Ranked by Market Cap
N/A Ranked by Dividends

BYND Latest News

Aug 6, 2025
Beyond Meat庐 Reports Second Quarter 2025 Financial Results
Jul 28, 2025
Beyond Meat庐 to Report Second Quarter 2025 Financial Results on August 6, 2025
May 7, 2025
Beyond Meat庐 Reports First Quarter 2025 Financial Results
May 7, 2025
Beyond Meat庐 Announces $100 Million New Senior Secured Financing from Ahimsa Foundation Affiliate
May 1, 2025
Beyond Meat庐 Launches Beyond Chicken庐 Pieces at Kroger Stores Nationwide

BYND Latest SEC Filings

Jul 28, 2025
[Form 4] Beyond Meat, Inc. Insider Trading Activity
Jul 28, 2025
[8-K] Beyond Meat, Inc. Reports Material Event
Jul 25, 2025
[144] Beyond Meat, Inc. SEC Filing
Jul 23, 2025
[Form 4] Beyond Meat, Inc. Insider Trading Activity
Jul 16, 2025
[Form 4] Beyond Meat, Inc. Insider Trading Activity

BYND Stock Data

237.06M
72.88M
4.7%
43.84%
35.72%
Packaged Foods
Food and Kindred Products
United States
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