Published: Sat, May 18, 2019
Economy | By

Beyond Meat surges after coffee chain Tim Hortons launches vegan sandwiches

Beyond Meat surges after coffee chain Tim Hortons launches vegan sandwiches

The company that owns the Burger King, Popeyes and Tim Hortons chains plans to combat sluggish sales growth by expanding delivery service in the US and opening thousands of new stores worldwide.

The company piloted the Impossible burger, another plant-based offering, at some U.S. Burger King locations and plans to expand the Impossible Whopper offering nationally. Over the past few years, Restaurant Brands International claims to have drove significant growth in its brands, resulting in the expansion of its restaurant base from approximately 12,000 in 2010 to almost 26,000 as of today.

"RBI is fundamentally a growth company, with three fantastic, iconic brands that we believe have a very long runway for growth - both at home and around the world", Cil said in the release. These independently operated brands have been serving their respective guests, franchisees and communities for over 45 years.

On Wednesday, Tim Hortons announced that some stores in Canada will test three new breakfast menu items made with the Beyond Meat Breakfast Sausage.

"With roughly 4,000 locations in Canada, we're looking forward to being able to offer Canadians from coast-to-coast a truly accessible meat alternative that they can feel good about".

System-wide sales at the three chains have more than doubled to $32 billion annually since 2010. Burger King partners with GrubHub, DoorDash and Postmates to deliver the food. The original HOME OF THE WHOPPER, the BURGER KING system operates ~18,000 locations in more than 100 countries and USA territories.

A Burger King restaurant in a shopping mall. POPEYES distinguishes itself with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp, and other regional items.

Yet another popular fast food chain is jumping on the Beyond Meat bandwagon, bringing vegans more food options than ever before! Only 5% are vegetarians, and 2% follow a vegan diet. But that growth slowed in 2018 in the fiercely competitive industry.

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