Beyond Meat said Monday that it felt the full force of the coronavirus pandemic in the third quarter, leading to worse-than-expected financial results. Consumer stockpiling in the second quarter, coupled with continuing struggles at restaurants and other food service customers, made demand unpredictable, the company said. Beyond Meat revenue rose...
Starbucks Adds Plant-Based Meat to US Menu
Starbucks is adding plant-based meat to its U.S. menu for the first time. The Seattle coffee chain said Tuesday that a breakfast sandwich made with imitation sausage from Redwood City, California-based Impossible Foods is now available at a majority of its U.S. restaurants. The sandwich comes with egg and cheese...
Plant-Based Beyond Meat Revenue Triples in Q4
Beyond Meat narrowed its losses in the fourth quarter as sales of its plant-based meat soared. The California-based company, which went public last year, said it lost $452,000 in the fourth quarter, down from a loss of $7.5 million in the October-December period last year. But its loss of 1...
McDonald's Takes a Nibble of the Plant-Based Burger
McDonald's is finally taking a nibble of the plant-based burger. McDonald's said Thursday that will sell the PLT, or the plant, lettuce and tomato burger for 12 weeks in 28 restaurants in Southwestern Ontario by the end of the month. The small-market test is rolling out about six months after...
What Makes Impossible Meat Possible? A 'Bloody' Ingredient
NEW YORK — What makes Impossible burgers possible? An engineered ingredient that makes the veggie patty look bloody — and one of many new concoctions food regulators expect to see more of in the coming years. Several new vegetarian products are competing to win over meat lovers, but two California...
Americans Are Gobbling Up Plant-Based Burgers
After months of shortages, Impossible Foods is partnering with a veteran food production company to ramp up supplies of its popular plant-based burgers. The Redwood City, Calif.-based startup is partnering with OSI Group, an original supplier to McDonald's and one of the world's largest food producers. OSI, based in Aurora,...
Meatsplainer: How New Plant-Based Burgers Compare to Beef
NEW YORK — If you want to skip meat, a new era of options is here. Beyond Meat and Impossible Foods are among the companies racing to tap into the massive U.S. market of meat eaters by more closely mimicking the taste of beef than vegetarian patties of the past....