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Stock impact report

Beyond Meat might not be the only plant-based burger McDonald’s uses if it launches in the U.S. [MarketWatch]

Beyond Meat, Inc. - Common stock (BYND) 
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm Check Earnings Report
Company Research Source: MarketWatch
Beyond Meat might not be the only plant-based burger McDonald’s uses if it launches in the U.S. If McDonald’s Corp. decides to add the P.L.T. to its menu in the U.S., there a good chance Beyond Meat Inc. won’t be the only plant-based burger provider the quick-service giant partners with, UBS said Tuesday. McDonald’s MCD, +0.14% announced in September that it was testing the P.L.T., or plant, lettuce and tomato, in Ontario, Canada. Analysts question whether the test has been successful. However, there is growing interest in plant-based foods from both diners and large food companies like Tyson Foods Inc. TSN, -1.18% “For new products, McDonald’s often develops its own product specifications and prefers to multi-source suppliers,” UBS said. “Note the P.L.T, is not ‘branded’ as a Beyond product though its product description does say it is a Beyond Meat patty.” UBS analysts note that there are few things that McDonald’s purchases from one source, with the exception of Coca-Cola C Show less Read more
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