Why Beyond Meat Stock Fell Today

Shares of Beyond Meat (NASDAQ: BYND) declined by 4.3% on Tuesday after Starbucks (NASDAQ: SBUX) announced that it would sell food made by a rival meat alternatives company. 

Starbucks will now offer the Impossible Breakfast Sandwich as part of its new summer menu at its roughly 15,000 U.S. stores. The sandwiches include plant-based sausage patties made by Impossible Foods, one of Beyond Meat's major competitors.

Starbucks' new Impossible Breakfast Sandwich looks tasty. Image source: Starbucks.

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Source Fool.com