McDonald's Says Plant-Based Test in Two Key US Cities Failed [BNN Bloomberg (Canada)]
Beyond Meat, Inc. - Common stock (BYND)
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm
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Source: BNN Bloomberg
US consumers aren't looking for “McPlant or other plant-based proteins from McDonald's,” Erlinger said at the Wall Street Journal‘s Global Food Forum in Chicago. Shares of Beyond Meat Inc., which partnered with McDonald's to produce the McPlant burger, fell as much as 5.1% on Wednesday after the comments. Instead, McDonald's is making investments in products with chicken as consumers lean toward that protein. The company sells more chicken than beef these days, he added. “Some of it's driven by affordability,” he said. “Chicken is less expensive to produce, and so for a consumer that's looking for more affordable food, chicken is a great option right now.” ©2024 Bloomberg L.P. Top Picks Top Stories Tesla is about to lose its EV market majority in the U.S. Long-awaited Arctic port and road project restarts with regulatory filings Canada is a force in AI research. So why can't we commercialize it?
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BYND
News
- Where Will Beyond Meat Be in 3 Years? [Yahoo! Finance]Yahoo! Finance
- Some of L.A.'s best ice cream expands with new Melrose flagship [Los Angeles Times (CA)]Los Angeles Times
- McDonald's trialed the McPlant in California and Texas. It failed because people don't want a meat-free burger from the Golden Arches. [Business Insider]Business Insider
- South Korean Government, NH Bank and OurCrowd to Establish $80 Million Israel-Korea Fund for DeepTech Investments [Yahoo! Finance]Yahoo! Finance
- McDonald's plant-based burger fizzles out — even in San Francisco, company says [Los Angeles Times (CA)]Los Angeles Times
BYND
Earnings
- 5/8/24 - Miss
BYND
Sec Filings
- 6/18/24 - Form 4
- 6/13/24 - Form 4
- 6/13/24 - Form 4
- BYND's page on the SEC website