McDonald's Says Plant-Based Test in Two Key US Cities Failed [Yahoo! Finance Canada]
Beyond Meat, Inc. - Common stock (BYND)
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm
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Source: Yahoo! Finance Canada
Most Read from 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. Following the remarks, McDonald's said that Erlinger was referring to a previous test in the markets that ended in 2022. The company has said plant-based food has fared better in European markets. ADVERTISEMENT Shares of Beyond Meat Inc., which has partnered with McDonald's to produce the McPlant burger, fell 2.5% at 12:01 p.m. in New York trading Wednesday, paring an earlier decline. McDonald's shares were little changed. Instead of plant-based options, McDonald's is investing in its chicken offerings 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.”
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News
- 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
- McDonald's Says Plant-Based Test in Two Key US Cities Failed [BNN Bloomberg (Canada)]BNN Bloomberg
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