Beyond Meat: Down on report of falling Impossible Whopper sales at Burger King

Carrols Restaurant

22/01/2020 21:02

** Beyond Meat's shares  BYND.O  extend losses by 7% to
$120.10 in late afternoon trading 
    ** Burger King's biggest U.S. franchisee, Carrols Restaurant
Group  TAST.O , has seen sales of Impossible Whoppers - based on
plant-based protein from Impossible Foods - fall to about 28
daily per store from 32 previously, Bloomberg reports https://www.bloomberg.com/news/articles/2020-01-22/burger-king-cuts-impossible-whopper-price-as-sales-taper-off?sref=C6LRZopg
    ** TAST down ~2%
    ** Impossible Foods is BYND's main rival
    ** Burger King said last week it would add the sandwich to
its popular 2 items for $6 value menu on a temporary basis
    ** U.S.-listed shares of Burger King parent Restaurant
Brands  QSR.TO   QSR.N  are down marginally
    ** Wednesday's session losses cut BYND's gains so far in
January to ~61%

 (Reporting by Aditi Sebastian)
 ((aditi.sebastian@thomsonreuters.com))