Could This One Deal Nearly Double Beyond Meat's Revenue?
Shares of plant-based meat company Beyond Meat (NASDAQ: BYND) went on a little roller coaster ride recently. The volatility was related to McDonald's (NYSE: MCD) new plant-based burger called the McPlant. Investors were left with conflicting information on whether Beyond Meat was partnering with it for the new menu item, sending the stock up and down in the chaos.
So why does it matter? According to one analyst, a partnership with McDonald's could annually add $300 million to Beyond Meat's top line. For perspective, the company has about $400 million in trailing-12-month revenue. Therefore, just one deal with McDonald's could nearly double Beyond Meat's revenue. That's a big deal.
The P.L.T. was an earlier trial menu item from McDonald's and Beyond Meat. Image source: McDonald's.
Source Fool.com
