Beyond Meat's restaurant, grocery tie-ups more than triple quarterly sales
) Whole Foods. Its deals with restaurants include Starbucks Corp’s SBUX.N recent announcement that it will soon sell a Beyond Meat breakfast sandwich across Canada.
Initial feedback on the Beyond Burger has been largely positive, based on checks with some Ontario-based McDonald’s currently testing the plant-based burgers in Canada, Bernstein analyst Alexia Howard wrote last month in a note. Howard said, however, that it seemed the McDonald’s trial had not yet been a blowout success that justified an immediate nationwide rollout across both Canada and the United States.
FILE PHOTO: Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, U.S., June 5, 2019. REUTERS/File Photo Boosted by rising sales the company’s full-year loss has narrowed since 2017, even as it spends on a new facility in the Netherlands and is working to start production in Asia by the end of this year. In recent months, the coronavirus outbreak has slowed manufacturing in China. Beyond Meat said its goal remains to produce in the region by end of year, pending abatement of the coronavirus.
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