Beyond Meat® Announces Strategic Global Agreement with McDonald’s
February 25 2021 - 3:10PM
Beyond Meat, Inc. (NASDAQ: BYND) today announced the establishment
of a three-year global strategic agreement with McDonald’s
Corporation. As part of the agreement, Beyond Meat® will be
McDonald’s preferred supplier for the patty in the McPlant®, a new
plant-based burger being tested in select McDonald’s markets
globally. In addition, Beyond Meat and McDonald’s will explore
co-developing other plant-based menu items – like plant-based
options for chicken, pork and egg – as part of McDonald’s broader
McPlant platform.
The agreement will bring together McDonald’s
iconic global brand with Beyond Meat's leading expertise in
plant-based protein development to create and market innovative new
plant-based menu offerings. This announcement further solidifies
the relationship between McDonald’s and Beyond Meat, which began in
2019 with the Canadian test of a sandwich made with Beyond Meat’s
plant-based patty.
“Our new McPlant platform is all about giving
customers more choices when they visit McDonald’s,” said Francesca
DeBiase, McDonald’s Executive Vice President and Chief Supply Chain
Officer. “We’re excited to work with Beyond Meat to drive
innovation in this space, and entering into this strategic
agreement is an important step on our journey to bring delicious,
high quality, plant-based menu items to our customers.”
“We are proud to enter into this strategic
global agreement with McDonald’s, an exciting milestone for Beyond
Meat, and look forward to serving McDonald's as they bring
expanded choice to menus globally,” said Ethan Brown, Beyond
Meat Founder & CEO. “We will combine the power of Beyond Meat’s
rapid and relentless approach to innovation with the strength of
McDonald’s global brand to introduce craveable, new plant-based
menu items that consumers will love.”
ABOUT BEYOND MEATAbout Beyond
Meat Beyond Meat, Inc. (NASDAQ: BYND) is one of the fastest growing
food companies in the United States, offering a portfolio of
revolutionary plant-based meats made from simple ingredients
without GMOs, bioengineered ingredients, hormones, antibiotics, or
cholesterol. Founded in 2009, Beyond Meat products are designed to
have the same taste and texture as animal-based meat while being
better for people and the planet. Beyond Meat’s brand commitment,
Eat What You Love™, represents a strong belief that there is a
better way to feed our future and that the positive choices we all
make, no matter how small, can have a great impact on our personal
health and the health of our planet. By shifting from animal-based
meat to plant-based meat, we can positively impact four growing
global issues: human health, climate change, constraints on natural
resources and animal welfare. As of December 31, 2020, Beyond Meat
had products available at approximately 122,000 retail and
foodservice outlets in over 80 countries worldwide. Visit
www.BeyondMeat.com and follow @BeyondMeat, #BeyondBurger and
#GoBeyond on Facebook, Instagram and Twitter and
@BeyondMeatOfficial on TikTok.
MEDIA CONTACTShira
ZackaiShira.Zackai@beyondmeat.com
BEYOND MEAT FORWARD-LOOKING
STATEMENTCertain statements in this release constitute
“forward-looking statements.” These statements are based on
management’s current opinions, expectations, beliefs, plans,
objectives, assumptions or projections regarding future events or
future results. These forward-looking statements are only
predictions, not historical fact, and involve certain risks and
uncertainties, as well as assumptions. Actual results, levels of
activity, performance, achievements and events could differ
materially from those stated, anticipated or implied by such
forward-looking statements. While Beyond Meat believes that its
assumptions are reasonable, it is very difficult to predict the
impact of known factors, and, of course, it is impossible to
anticipate all factors that could affect actual results. There are
many risks and uncertainties that could cause actual results to
differ materially from forward-looking statements made herein
including, most prominently, the risks discussed under the heading
“Risk Factors” in the Company’s Annual Report on Form 10-K for the
year ended December 31, 2019 filed with the U.S. Securities and
Exchange Commission (“SEC”) on March 19, 2020, the Company’s
subsequently filed Quarterly Reports on Form 10-Q, and the
Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2020 to be filed with the SEC, as well as other
factors described from time to time in Beyond Meat’s filings with
the SEC. Such forward-looking statements are made only as of the
date of this release. Beyond Meat undertakes no obligation to
publicly update or revise any forward-looking statement because of
new information, future events or otherwise, except as otherwise
required by law. If we do update one or more forward-looking
statements, no inference should be made that we will make
additional updates with respect to those or other forward-looking
statements.
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