Is Beyond Meat in the New McPlant Burger or Not?
There's an identity crisis when it comes to the new plant-based burger that McDonald's (NYSE: MCD) unveiled on Monday. The fast food chain has worked with Beyond Meat (NASDAQ: BYND) in the past, but it was in no rush to share the credit for the new McPlant burger.
CNBC reported that the chain's international president Ian Borden called the new burger a creation "by McDonald's and for McDonald's." Beyond Meat saw things differently when it reported disappointing financial results hours after the introduction of the buzz-worthy vegan burger. Is Beyond Meat involved at all with McPlant, and if it is why is Mickey D's hogging the spotlight? Let's take a closer look at the new sandwich that could have some pretty beefy ramifications for Beyond Meat.
Image source: Getty Images.
Source Fool.com
