Shares of Beyond Meat (BYND) are jumping after Starbucks (SBUX) said it will roll out a new plant-based lunch menu in China this week with Beyond Meat’s products. The coffee giant’s new lunch menu will feature pastas and lasagna using Beyond Meat’s plant-based beef products, and also include dishes from Omnipork, a plant-based pork alternative brand. Beyond Meat’s plant-based minced beef will be sold at more than 3,300 Starbucks stores across China, marking the company’s market entry into China. Shares of Beyond Meat are up 12%, or $9.25, to $88.37 in premarket trading. Starbucks is down 2% to $74.11.
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