Name: Beyond Meat clinches deals with McDonald's, Yum! Brands
Uploaded: 2022-05-17T21:01:30.000Z
Duration: 1 min 10 s
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Beyond Meat is going way beyond the health food aisle.

The plant-based meat maker has signed deals to supply two of the world's largest fast food operators, McDonald's and Yum Brands.

Its three-year global deal will make it McDonald's preferred supplier for the patty and its new McPlant burger.

It'll also help the world's largest restaurant chain develop other menu items like plant-based chicken, pork, and eggs.

Beyond Meat also plans to create products over the next few years with Yum for its KFC, Pizza Hut, and Taco Bell restaurants.

News of the deal sent it shares up 1% in early trading Friday.

It's likely, however, that its arch rival, Impossible Foods, and other competitors still have a shot at working with the two fast food operators

because McDonald's and Yum typically work with multiple suppliers.

The deals couldn't come at a better time.

Beyond Meat's business of serving restaurants has been hit as people stay at home amid the health crisis.

Its loss widened in the latest quarter, and its sales disappointed analysts.