Are Consumers Losing Appetite For Plant-Based Meat Products? Here's What Burger King Is Saying About The Latest Trends
Portfolio Pulse from Adam Eckert
Restaurant Brands International Inc (NYSE:QSR), the parent company of Burger King, is not planning to expand its plant-based meat offerings in the near term. The company's CEO, Josh Kobza, stated that demand for plant-based alternatives was stable but not a major focus for the restaurant chain. This comes as Beyond Meat Inc (NASDAQ:BYND) reported declining demand for its products and revised its full-year outlook lower for the second time in three months.
November 06, 2023 | 6:14 pm
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Beyond Meat Inc reported declining demand for its products and revised its full-year outlook lower for the second time in three months.
The reported decline in demand for Beyond Meat's products and the downward revision of its full-year outlook could negatively impact investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
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Restaurant Brands International Inc's decision to not expand its plant-based meat offerings could potentially impact its stock price.
The decision to not expand plant-based meat offerings could be seen as a lack of innovation or adaptability, which could negatively impact investor sentiment and the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100