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McDonald's unveils McPlant line, which includes meatless patty co-created by Beyond Meat
McDonald's will test a meat-free burger in several markets next year as it adds plant-based menu offerings, which it has coined "McPlant."
International President Ian Borden said that McPlant was created "by McDonald's and for McDonald's." Borden said that the McPlant line could also include chicken substitutes.
McDonald's has not yet disclosed the supplier for the line. A company spokesperson declined to identify their supplier but said that McDonald's will not be manufacturing the products.
But a spokesperson for Beyond Meat said in a statement to CNBC that the company co-created the plant-based patty that will be available as part of the McPlant line. Shares of Beyond rose as much as 4% in afternoon trading after falling as much as 6% earlier on Monday. The stock, which was briefly halted for volatility in both morning and afternoon trading, is currently down less than 1%.
See also: Beyond Meat shares rise on news that it collaborated with McDonald's on the McPlant options
Beyond Meat earnings miss big on declining food service and consumer demand
Beyond Meat's partnership with McDonald's to develop the McPlant burger wasn't enough to keep shares from collapsing after the company posted third-quarter earnings that fell far below analysts' expectations.
The big miss sent shares tumbling nearly 29% in after markets closed Monday after reporting it generated $94.4 million in revenues and a loss of 28 cents per share versus the $132.8 million in revenue and 5 cents per share loss that analysts had expected.
Previously: Meatless "Beyond Burgers" Come to Fast Food Restaurants
Following IPO of Beyond Meat, Tyson Foods Plans Launch of its Own Meatless Products
Plant-Based "Impossible Burger" Coming to Every Burger King Location
Meat Industry PR Campaign Bashes Plant-Based Meat Alternatives
Bot Orders $18,752 of McSundaes Every 30 Minutes to Find If Machines are Working
(Score: 0) by Anonymous Coward on Wednesday November 11 2020, @02:09AM (4 children)
wannabe meats are transition foods - foods for people that want to give up meat for ethical or environmental reasons but love the taste. The problem is that most wannabe meats taste awful. The Beyond Meat chicken and sausage products still taste awful.
But they did figure out wannabe ground beef, to the point that our family has switched almost entirely. I made chili a few hours ago with the Impossible Foods ground beef substitute, and it tastes as good as when I used to make chili with bison or organic ground beef.
I like black bean burgers, but I get tired of them in a hurry.
(Score: 0) by Anonymous Coward on Wednesday November 11 2020, @05:02PM
Ground turkey is great in chili, but "turkey bacon" is awful.
(Score: 2) by tangomargarine on Wednesday November 11 2020, @08:27PM (2 children)
Came here to say this. Once they get done pumping it full of salt and additives and whatnot, they've mostly erased the health benefits.
https://www.usatoday.com/story/news/health/2019/10/25/burger-kings-impossible-burger-veggie-whopper-healthy/4070993002/ [usatoday.com]
"Is that really true?" "I just spent the last hour telling you to think for yourself! Didn't you hear anything I said?"
(Score: 0) by Anonymous Coward on Wednesday November 11 2020, @11:31PM (1 child)
Comparing beef to an impossible burger is a bit ingenuous, most hamburger recipes add a lot of salt to the meat. For instance this is one of the top google hits (the only one I checked) it adds 1.5 tablespoons of seasoned salt to 1.5 lbs of ground beef, and comes out at 1533mg sodium per patty: https://www.thewholesomedish.com/the-best-classic-burger/ [thewholesomedish.com]
(Score: 2) by tangomargarine on Thursday November 12 2020, @09:54AM
Presumably you mean disingenuous?
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No, it's 1.5 teaspoons. Tbsp is 3x the size of a tsp, dude.
So it comes out to 1920 mg of sodium per 1.5 lbs of meat, for 480 mg per patty.
"Is that really true?" "I just spent the last hour telling you to think for yourself! Didn't you hear anything I said?"