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Author Topic: Burger King may sell plant-based burger across U.S. this year  (Read 265 times)

Offline Fansome

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Burger King may sell plant-based burger across U.S. this year


Jeff Chiu / AP

In this Thursday, April 25, 2019, photo, a customer takes his order from the drive through window at a Burger King in Redwood City, Calif.

Associated Press

Monday, April 29, 2019 | 9:17 a.m.

TORONTO — Burger King could soon be selling plant-based burgers nationwide.

Restaurant Brands International, Burger King's parent, said Monday that a month-long test of the Impossible Whopper at 59 restaurants in St. Louis has gone so well that it will start testing it in additional markets. The company said it may expand sales nationally by the end of this year.

The sandwich is made with a plant-based burger from Impossible Foods, a Redwood City, Calif.-based startup. Burger King is the first fast food chain to test the Impossible burger, but other chains are offering plant-based burgers from competitors like Beyond Meat.

Chris Finazzo, president of Burger King's North American operations, said during an earnings conference call Monday that the Impossible Whopper was attracting new customers. He said the chain will sell the Impossible Whopper out nationally if reaction in other test markets "is a strong as it was in St. Louis."

"It's really difficult to distinguish between the Impossible Whopper and the original Whopper," he said.

Burger King wouldn't say which markets will get the sandwich next.

The news was a bright spot in otherwise disappointing first quarter earnings for Restaurant Brands, which said its first quarter net income fell 9% to $135 million on weaker same-store sales growth.

The Toronto-based company reported net income of 53 cents. Earnings, adjusted for non-recurring costs like fees to a restructuring consultant, came to 55 cents per share.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The company blamed poor weather in Canada for a drop in same-store sales at Tim Hortons. Burger King's same-store sales grew 2% as the company tried to revive U.S. breakfast sales with a $5 monthly coffee subscription offer. Same-store sales were flat at Popeyes.

Restaurant Brands posted revenue of $1.27 billion in the period, beating analysts' forecasts.

Company shares fell 3% to $63.43 in morning trading.

Offline ChrisSmolinski

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Re: Burger King may sell plant-based burger across U.S. this year
« Reply #1 on: April 29, 2019, 2115 UTC »
More fake food. Sigh. 

Meanwhile, the EU is looking at banning the labeling of fake non meat foods as meat: https://www.foodmarket.com/News/A/1139596/EU-Set-to-Ban-Meat-Names-for-Veggie-Alternatives
Chris Smolinski
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Offline ChrisSmolinski

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Re: Burger King may sell plant-based burger across U.S. this year
« Reply #2 on: April 30, 2019, 1023 UTC »
Somewhat related, as the fake food industry often uses bogus greenhouse gas / climate change statistics to scare people into eating their junk. This article corrects the their claims:

Quote
“If you start being a vegan in 2019, then the carbon savings & GHG savings that you would create for that year equate to the GHG emitted for a 1-way flight from the US to Germany."
FAA: roughly 2.6 million passengers fly in and out of US airports each day

https://agfundernews.com/alternative-protein-startups-lets-get-the-facts-straight-about-livestocks-carbon-footprint.html
Chris Smolinski
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NRD 545 / netSDR / AFE822x / AirSpy HF+ / KiwiSDR / 670 ft horizontal loop / 500 ft northeast beverage / 58 ft T2FD / 300 ft south beverage / 43m / 20m / 10m  dipoles / Crossed Parallel Loop

Offline Josh

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Conveniently located near Vincennes Indiana.