Beyond Meat signs global supply deals with McDonald’s, KFC and Pizza Hut
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Re: Beyond Meat signs global supply deals with McDonald’s, KFC and Pizza Hut
#2This is the best news I've heard all week. The more widely vegan "meat" is available, the more likely it is to be adopted by average people and not just dedicated vegans.
Reducing the demand for real beef is probably one of the best things we can do in the short term for the environment, due to the amount of land required for cattle farming, and due to the surprising amount of methane emitted by cattle. (see the documentary "Cowspiricy", or Mark Rober's "Feeding Bill Gates a Fake Burger to save the world: https://www.youtube.com/watch?v=-k-V3ESHcfA)
Re: Beyond Meat signs global supply deals with McDonald’s, KFC and Pizza Hut
#3I prefer the taste of impossible but this is great news for the category.
Re: Beyond Meat signs global supply deals with McDonald’s, KFC and Pizza Hut
#4On a somewhat related topic, has anyone seen any information about how well the Impossible Whopper is selling?
Re: Beyond Meat signs global supply deals with McDonald’s, KFC and Pizza Hut
#5and yet their stock price is down..... this market is hard to read!
Re: Beyond Meat signs global supply deals with McDonald’s, KFC and Pizza Hut
#6I prefer the taste of impossible but this is great news for the category.
Agreed, impossible is far superior. Impossible is only $5.99 for 12oz in Trader Joes at the moment
Re: Beyond Meat signs global supply deals with McDonald’s, KFC and Pizza Hut
#7and yet their stock price is down..... this market is hard to read!
I would think this was less correlated as it’s only a contract for supply.
In any case McDonalds isn’t selling a co-branded Beyond Meat product, they’re selling the McPlant. Beyond Meat’s moat looks very shaky here.
It seems likely that Beyond Meat is only getting these contracts as it’s a relatively cheap way for McDonalds to test the substitute market before producing their own alternatives. It makes no business sense for them to hand over the core of their product to BM when it’s likely they can create something similar in-house.
Re: Beyond Meat signs global supply deals with McDonald’s, KFC and Pizza Hut
#8and yet their stock price is down..... this market is hard to read!
>and yet their stock price is down..... this market is hard to read!
Stocks don't just magically go up forever on good news. They've run a loss for the last 4 years in a row, and they've missed their last two earnings by more than half. They're already massively overvalued as it is.
Re: Beyond Meat signs global supply deals with McDonald’s, KFC and Pizza Hut
#9and yet their stock price is down..... this market is hard to read!
I would think this was less correlated as it’s only a contract for supply. In any case McDonalds isn’t selling a co-branded Beyond Meat product, they’re selling the McPlant. Beyond Meat’s moat looks very shaky here. It seems likely that Beyond Meat is only getting these contracts as it’s a relatively cheap way for McDonalds to test the substitute market before producing their own alternatives. It makes no business se…
Agreed. The only food items that McDs have not vertically integrated are sodas, everything else is bound to end up part of their supply chain.
Re: Beyond Meat signs global supply deals with McDonald’s, KFC and Pizza Hut
#10On a somewhat related topic, has anyone seen any information about how well the Impossible Whopper is selling?
I don't have that data, but I have an anecdote.
I buy them about 4 times a week on my way to work (its a really convenient stop and I don't get fries, cheese, or mayo with it).
When they were new, they would sometimes be out of stock. But I haven't encountered that in probably six month or more. They really seem to be fully supporting the product. So hopefully that means they're selling pretty well!