Beyond Meat Suffers a Setback in Canada
Shares of Beyond Meat (NASDAQ: BYND) often benefit when a restaurant chain announces that the company's imitation meat products have been added to the menu. On Wednesday, the stock moved in reverse after a major restaurant chain dumped the heavily processed plant-based meat alternatives from most of its locations.
Tim Hortons added three breakfast sandwiches featuring Beyond Sausage to its menu at 4,000 restaurants across Canada in June. The chain also added two Beyond Burgers to the menu. While initial sales may have been strong enough to justify those moves, the fake meat honeymoon appears to be over.
Image source: Beyond Meat.
Source Fool.com