The test will reportedly allow McPlant burger orders for a limited time, beginning Nov. 3 for customers based in Irving, Texas, and Manhattan Beach, California, among others. McDonald's already sells the McPlant burgers in certain countries, including Austria and the UK.
"The cost of the McPlant burger will be on par with McDonald's other burgers during the US test," the report said.
McDonald's shares were up 0.6% in morning trading while Beyond Meat stock was trading 1.4% higher.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 243.51, Change: +0.86, Percent Change: +0.35
|Jazz Pharma Doses First Patient in Late-Stage Combo ...|
|Update: Barnes & Noble Education Fiscal Q2 Gains Tra...|
|Bitcoin Miner Griid Infrastructure to go Public in M...|
|--Saratoga Investment Raises Quarterly Dividend to $...|
|StoneCo Shares Decline Following Banco Santander Dow...|