Restaurant News Hubb
Advertisement
  • Home
  • News
  • Restaurants & Services
  • Contact us
No Result
View All Result
  • Home
  • News
  • Restaurants & Services
  • Contact us
No Result
View All Result
Restaurant News Hubb
No Result
View All Result
Home Restaurants & Services

Beyond Meat’s stock falls after end of McDonald’s McPlant test run

admin by admin
July 29, 2022
in Restaurants & Services


McDonald’s has ended its test of the widely-anticipated McPlant which uses Beyond Meat plant-based patties. As a result, shares of Beyond Meat fell 6%, according to a CNBC report.

McDonald’s has not announced any additional plans for testing the plant-based sandwich. The brand first tested the McPlant in eight U.S. restaurants in Nov. 2021. The following February, the McPlant launched in an additional 600 trial locations. Sales overall were disappointing, according to J.P. Morgan analyst Ken Goldman.

“Consensus contemplates 21% growth for BYND’s total top line this year, followed by another 25% next year. These rates will not be easy to hit, in our view, without [McDonald’s] in the US,” Goldman wrote in an analyst’s note on Thursday.

The Chicago-based burger brand and Beyond Meat have a three-year partnership in place, with some international markets already selling the McPlant.



Source link

Tags: Business Strategy and ProfitabilityFood & BeveragePlant-based
Previous Post

Urban Plates coming to Sunnyvale, California

Next Post

Lafayette – The Balkan Prince of Restaurants and Cabarets

Next Post

Lafayette – The Balkan Prince of Restaurants and Cabarets

Recommended

Yum China begins construction on supply chain center

July 27, 2022

Paris Baguette hitting expansion stride in US

August 3, 2022

Chick N Max set to build 1st franchise

August 2, 2022

Cold Stone Creamery pairs with Nintendo for summer sweet treats

July 29, 2022

Don't miss it

Restaurants & Services

Taco Bueno expands in Texas

August 11, 2022
News

Post-pandemic, consumers want their coffee more than ever| Consumer Trends

August 10, 2022
Restaurants & Services

Chipotle agrees to pay NYC workers up to $20M

August 10, 2022
News

Looking for New Restaurants BEFORE They Open? Let Flhip.com Help You Get in the Door First.

August 10, 2022
News

Nunzio’s Pizzeria Will Close After 80 Years in Staten Island

August 10, 2022

restaurant-20

© 2022 Restaurant News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy.

Navigate Site

  • Home
  • News
  • Restaurants & Services
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • News
  • Restaurants & Services
  • Contact us

© 2022 Restaurent News Hubb All rights reserved.