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Beyond Meat Rises as Details of McDonald's Pact Finally Emerge

  • Restaurants in licensed markets ‘encouraged’ to use Beyond
  • Markets already working with other suppliers can continue
Updated on

Beyond Meat Inc. investors who’d waited more than three months for specifics on the faux-meat maker’s supply relationship with McDonald’s Corp. finally got their answers. And while they mainly cheered, driving the stock higher, Beyond Meat still has some competition supplying McDonald’s markets around the world.

McDonald’s -- which had previously only said it “co-created” its new plant-based burger with Beyond Meat, leaving Wall Street unsure if the alternative meat-maker would also produce the chain’s burgers -- clarified late Thursday that Beyond will be the preferred global supplier for the McPlant patty as part of a three-year deal.