McDonald's expands Beyond Meat patty launch to include 52 restaurants - InvestingChannel

McDonald’s expands Beyond Meat patty launch to include 52 restaurants

McDonald’s (MCD) said it is expanding the global test of its plant-based burger to include 52 restaurants in Southwestern Ontario, starting January 14, for 12 weeks. The P.LT., which stands for Plant. Lettuce. Tomato., is made with a Beyond Meat (BYND) plant-based patty that has been crafted exclusively by McDonald’s, the company said in a statement. The global P.LT. test first launched last September in 28 restaurants in London, Ontario and the surrounding areas. The additional restaurants now participating in the test include selected locations in Kitchener-Waterloo, Guelph and surrounding areas, while the majority of the restaurants that were part of the initial test in London and nearby towns will continue to offer the P.L.T. without interruption. As of January 14, the P.L.T. will be priced at C$5.99 plus tax. “The initial test of the P.L.T. allowed us to learn more about guest demand and how to integrate this new menu item into restaurant kitchen operations, while delivering the P.L.T. to our guests with the level of quality and craveability they know and love from McDonald’s,” said Jeff Anderson, Chef, McDonald’s Canada. “As a test and learn company, the McDonald’s expansion of the P.L.T. into more restaurants in the Southwestern Ontario region will help us learn more about our guests’ tastes while continuing to provide variety within our menu.” Shares of Beyond Meat closed yesterday up 12% to $83.89.