Plant-based meat producer Beyond Meat Inc. (NASDAQ:BYND) reported weaker-than-expected results for Q3 ended 2 October 2021, as both revenue and earnings failed to surpass estimates.REVENUE AND EARNINGSThe company reported net revenues of $106 million, representing a 13% increase over the third quarter of 2020. International retail shows continued growth and increased 168% year-over-year, but was partially offset by weaker results in the US, which declined 16% year-over-year. Total retail net revenues were up 5% year-over-year.Net revenues decreased 7% year-over-year with a $0.87 loss per share for the quarter. In other operating metrics, Beyond’s adjusted EBITDA at the end of the quarter stood at a loss of $36.8 million.Foodservice sales were up 117% year-over-year collectively, reflecting gains in both distribution and average sales per outlet.FORECASTThe company expects revenue to be in the range of $85 million to $110 million in the forthcoming quarter against the consensus estimate of $131.6 million. Chief Financial Officer, Phil Hardin said that Beyond expects a knock-on effect from the operational challenges in Q3.He further added that the company continues to operate in a challenging and variable macro-environment affected in part by the ongoing uncertainty related to COVID-19, labor issues, and global supply chain challenges.EXPANSIONBeyond Meat recently announced the expansion of its test with Panda Express to 10 major markets across the US at 70 locations. This follows the initial success of Beyond the Original Orange Chicken at select Panda Express locations in Southern California and New York City. These goods garnered raised consumer and media reviews and sold out in less than 2 weeks at all, SoCal stores, making one of Panda’s most successful regional launches to date.Following the Q3 results, BEYOND shared plunged 18.6% to close at $76.90 in the extended trade.To invest in your favorite stocks visit MEXEM.