Beyond Meat surges after coffee chain Tim Hortons launches vegan sandwiches
- Shares of Beyond Meat rose as much as 16% on Wednesday after Canada’s Restaurant Brands International Inc’s coffee chain Tim Hortons said it will introduce three new sandwiches using the vegan burger marker’s plant-based sausages
Tim Hortons will test the breakfast sandwiches in select restaurants across Canada as demand for vegan alternatives grows in the country. As plant-based substitutes gain popularity, with more people opting for vegan or vegetarian diets, Beyond Meat and rival Impossible Foods are fighting for market share by launching new products at fast-food restaurants in North America.
Del Taco has been using Beyond Meat’s plant-based crumbles in its vegan tacos, while Carl Jr sells Beyond Meat’s patties in its cheeseburgers.
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