"I don't think the US consumer is coming to McDonald's looking for the McPlant," the company's US president said.
Oscar Mayer is launching vegan hot dogs developed with a Jeff Bezos-backed startup. But like lots of plant-based meats, they're set to cost more.
Beyond Meat's US sales fell by a third in 2023. The company attributed it to "misinformation," sales discounts, and low demand.
Consumers are financially squeezed and they're skeptical of the health benefits of plant-based meat, Beyond Meat execs said.
Beyond Meat debuted an ad featuring a farmer. It counters meat industry criticisms that plant-based meats are unhealthy and highly processed.
"It's so close to meat based, that it fooled us and honestly, you want more and more of it," a steakhouse executive said.
Microsoft and other technology stocks are far more aggressively valued today than in 1995, potentially limiting their gains from AI, Jim Chanos said.
Beyond Meat appears to be selling burgers and breakfast sausage at Dollar Tree stores. The plant-based meat brand has struggled to grow sales.
Beyond Meat's Q4 sales were down 20.6%, which CEO Ethan Brown attributed to "persistently high inflation" and trading down by consumers.
For a minute, it looked like plant-based meat might get more people to go vegetarian. But then Americans stopped buying it.
Cassy Crabtree tried Taco Bell's Beyond Carne Asada Steak Quesadilla and was impressed with the flavor and texture. The item is only sold in Ohio.
Plant-based meat is too expensive and adds too much complexity for widespread fast food adoption, an analyst said.
The new product arrives amid lower sales of plant-based meat alternatives. Beyond Meat recently scaled back its revenue outlook and cut its staff 19%.
Challenges at Beyond Meat continue to mount as the company cuts nearly 20% of its workforce amid poor retail sales of plant-based meat.
Beyond Meat's COO, Doug Ramsey, was arrested and charged with battery after police say he attacked a man in a fit of road rage that turned violent.
Taco Bell's plant-based meat substitute is made of pea and soy protein and can be added to any Taco Bell menu item.
Vegadelphia Foods says Dunkin' and Beyond Meat used the slogan in ads for the sandwich featuring Snoop Dogg.
McDonald's doesn't need to change anything about its McPlant recipe, because as a meat-loving fast food eater, I loved it. The price is the problem.
The McPlant will be available in about 600 restaurants around San Francisco and Dallas-Fort Worth beginning February 14.
KFC debuted Beyond Fried Chicken in January — they nailed the texture of chicken nuggets, and I'm excited to see what else they can do.