Money: Tim Hortons strikes deal with Beyond Meat to offer plant-based breakfast sandwiches - - PressFrom - Canada
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MoneyTim Hortons strikes deal with Beyond Meat to offer plant-based breakfast sandwiches

18:35  12 june  2019
18:35  12 june  2019 Source:   cbc.ca

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One of the most high-profile companies in the fast -growing business of plant - based meat alternatives has struck a deal with one of Canada's biggest coffee chains to sell meat -free breakfast sandwiches across the country. Tim Hortons announced Wednesday that starting immediately, the chain's 4,000.

Tim Hortons announced Wednesday that starting immediately, the chain's 4,000 locations across Canada are offering breakfast sandwiches made with Plant - based burger maker Beyond Meat beats forecasts in 1Q. Beyond Meat went beyond expectations in its first earnings report since its

One of the most high-profile companies in the fast-growing business of plant-based meat alternatives has struck a deal with one of Canada's biggest coffee chains to sell meat-free breakfast sandwiches across the country.

Tim Hortons announced Wednesday that starting immediately, the chain's 4,000 locations across Canada are offering breakfast sandwiches made with Beyond Meat patties, a plant-based meal alternative whose popularity seems to be soaring.

Last summer, Beyond Meat struck a deal with burger chain A&W to offer their products in the chain's quick-service restaurants, and demand for the product soon overwhelmed supply.

Plant-based burger maker Beyond Meat beats forecasts in 1Q

Plant-based burger maker Beyond Meat beats forecasts in 1Q Beyond Meat went beyond expectations in its first earnings report since its stock market debut last month. The plant-based meat maker's shares soared after it beat Wall Street's first quarter earnings and revenue forecasts. Beyond Meat also said it expects full-year revenue to hit $210 million this year, more than double its 2018 revenue and higher than the $205 million analysts had forecast, according to FactSet. "We're being very conservative. I view this as a floor," President and CEO Ethan Brown said. Beyond Meat's shares jumped 15% to $114.27 in after-hours trading. The El Segundo, California-based company lost $6.

Tim Hortons announced Wednesday that starting immediately, the chain's 4,000 locations across Canada are offering breakfast sandwiches made with Beyond Meat patties, a plant - based meat alternative whose popularity seems to be soaring. Last summer, Beyond Meat struck a deal with

The Canadian fast -food chain announced Wednesday it's testing Beyond Meat 's sausage patty in three of its breakfast sandwiches . Burger King's meatless, plant - based burger patty is produced Impossible Foods, a Beyond Meat rival. Burger King and Tim Hortons are both owned by Restaurant

Related video: Why Tim Hortons thrives in Canada [Provided by Breakfast Television]

Wednesday's news makes Tim Hortons the second fast-food restaurant to offer the product in Canada, although the patties did recently become available for home consumption when they hit grocery stores last month.

"We've listened to our guests and are excited to be able to offer three delicious breakfast sandwiches that vegans, vegetarians, flexitarians and meat lovers can feel good about," Tim Hortons' chief operations officer Mike Hancock said.

'Protein-packed'

The chain will offer three varieties of the Beyond Meat patty, including in an English muffin with egg and cheese, in a tortilla wrap with egg, cheese and other ingredients, or in a 100-per-cent vegan form on a baked biscuit with lettuce and tomato.

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Tim Hortons is testing Beyond Meat breakfast sandwiches and wraps, with plans to "Canadians are looking to incorporate plant - based options into their diets and we're thrilled to partner with Beyond Meat to test three Beyond Meat Breakfast Sandwiches - including an entirely vegan offering if the

Tim Hortons is selling three breakfast sandwiches with Beyond Meat sausage patties. "Canadians are hungry to try our breakfast sandwiches made with Beyond Meat 's 100% plant - based sausage patty," said Tim Hortons COO Mike Hancock said in a release.

"We're excited to introduce the Beyond Breakfast Sausage patty at Tim Hortons as a protein-packed breakfast solution," Beyond Meat founder and chief executive Ethan Brown said.

"For busy Canadians on the go, our Beyond Breakfast Sausage not only tastes great, but comes with the added environmental benefits of plant-based protein."

The company Beyond Meat recently went public on the stock market, and the company's shares have been on a tear ever since, having more than quintupled in value in their first month.

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