Better Buy: Beyond Meat vs. Starbucks
Beyond Meat (NASDAQ: BYND) and Starbucks (NASDAQ: SBUX) aren't exactly strangers to each other. Starbucks is serving up Beyond Meat's plant-based protein in its cafes from the U.K., to the Middle East, and to China.
There's also another element that links these two consumer companies -- their performance during the coronavirus pandemic. With restaurants closing down globally for a major part of 2020 due to lockdown restrictions, sales at both companies suffered. This meant actual closures for many Starbucks cafes and fewer orders from foodservice customers for Beyond Meat. Still, shares at both companies appreciated in 2020 with Beyond Meat stock managing to climb 65% and Starbucks stock gaining about 22%. Looking ahead, which of these two companies will recover more quickly, and which is the best buy right now? Let's take a look at each.
Image source: Getty Images.
Source Fool.com