McDonald's could sell over 250 million Beyond Meat burgers in U.S. annually - UBS [Reuters]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: Reuters
McDonald's could sell over 250 million Beyond Meat burgers in U.S. annually - UBS (Reuters) - McDonald’s Corp ( MCD.N ) is selling only 20-30 plant-based Beyond Meat ( BYND.O ) burgers per day in Canadian restaurant testing, although sales are reaching 100 burgers a day in more densely populated areas in the country, industry checks by UBS showed. In its detailed checks on the tests, which are the first to be made public, the Swiss investment bank said the numbers implied the world’s biggest fast-food chain could eventually sell more than 250 million P.L.T. burgers annually if it rolled out the product across its nearly 14,000 U.S. outlets. That would add up to $325 million in sales annually for Beyond Meat from the partnership, UBS said, although it cautioned that McDonald’s traditionally sources each of its burger patties from more than one supplier. “We believe Beyond Meat has a first-mover advantage - for now - but it appears a door remains open for McDonald’s to refine its P.
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MCD
Earnings
- 4/30/24 - Miss
MCD
Sec Filings
- 4/30/24 - Form 8-K
- 4/29/24 - Form PX14A6G
- 4/23/24 - Form 144
- MCD's page on the SEC website