Beyond Meat Stock Jumped 8% in Premarket Trading
Tiger Newspress2022-01-05
Beyond Meat stock jumped 8% in premarket trading after KFC announced to launch Beyond Meat fried 'chicken' across United States.
KFC restaurants will start selling plant-based fried "chicken" from Beyond Meat Inc across the United States on Jan. 10 for a limited time, KFC said on Tuesday.
KFC started testing Beyond's plant-based chicken in August 2019 in Atlanta and expanded to more areas the following year.
In February 2021, Yum and Beyond announced a global partnership to create plant-based menu items for Yum's KFC, Taco Bell and Pizza hut over "the next several years."
Major fast-food chains have been vying for partnerships with faux meat makers as they add vegan and vegetarian menu options. Beyond rival Impossible foods is working with Burger King, a unit of Restaurant Brands International Inc .
Prices for the Beyond Fried Chicken at KFC will start at $6.99 in most places but will vary by location.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
