Beyond Meat Announces Availability of Beyond Steak Filet At Erewhon

Beyond Meat (BYND) shares fell 14.1% after agreeing to retire $15M in convertible notes by issuing 1.1M shares, with potential for more. The company will issue additional shares if the stock price remains below $7.4009 during a three-day window. The move is part of a debt cleanup but has impacted the stock price significantly.

Beyond Meat (BYND) faced a reduced damages award in a trademark dispute with Sonate Corporation. A jury initially awarded $38.9M, but the court later cut actual damages to $37,500, leaving $15.4M in disgorged profits. The final judgment totals $15.44M, with both parties able to appeal.

Beyond Meat (BYND) was ordered to pay $15.44M after a court reduced jury actual damages to $37.5K but upheld $15.4M disgorgement. The jury initially found Beyond Meat liable for trademark infringement in Nov 2025, awarding $23.5M in actual damages and $15.4M in disgorgement. The court denied requests for prejudgment interest and increased disgorgement, and parties may pursue further motions or appeals.

Beyond Meat Inc. (BYND) launched its Beyond Steak Filet at Erewhon stores in Southern California. The plant-based steak contains 28g of protein, 3g of fiber, and 1g of saturated fat per serving, and has received Clean Label Project and Non-GMO certifications. The product was previously launched at Wegmans, H-E-B, and Meijer stores.

Beyond Meat (BYND) shares fell 22% in August despite beating Q2 earnings expectations. Revenue declined 8% YoY to $68.8M, but GAAP net profit turned positive due to a one-time accounting gain. The company also executed a 1-to-30 reverse stock split to meet Nasdaq listing requirements.

Build-A-Bear Workshop's Q2 2026 earnings missed projections due to product innovation missteps and macroeconomic challenges. Revenue declined, but average units per transaction increased. The company lowered full-year revenue guidance to $500M-$525M, citing traffic uncertainty and lost wholesale programs. Management expects improvement in the second half and plans to open 50+ new locations. Tariffs and geopolitical risks are ongoing concerns.