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Stock impact report

Panda Express brings back plant-based meat becaus customers were ‘begging' for it—a week after McDonald's killed its alt-meat burger [Fortune]

Beyond Meat, Inc. - Common stock (BYND) 
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm Check Earnings Report
Company Research Source: Fortune
On Wednesday, Panda Express said it is reintroducing plant-based chicken – which it developed with El Segundo, California-based Beyond Meat – at hundreds of U.S. stores. Beyond Orange Chicken will be available for a limited time, Panda Express said. But last week, McDonald's revealed it has pulled the plug in the U.S. on the McPlant, the plant-based burger it co-developed with Beyond Meat. During an appearance at the Wall Street Journal's Global Food Forum, McDonald's U.S. President Joe Erlinger said the company's 2022 test of the McPlant at stores in San Francisco and Dallas was “not successful in either market.” “I don't think the U.S. consumer is… looking for the McPlant or other plant-based proteins from McDonald's,” Erlinger said. The McPlant has seen more success in Europe , where consumers are much more receptive to ordering plant-based products at a McDonald's . The McPlant is now a permanent menu item in the United Kingdom, Germany, the Netherlands and other markets, a Show less Read more
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