Burger King's owner plans to add 14,000 restaurants worldwide

Cornelia Mascio
Mag 18, 2019

About TIM HORTONSTim Hortons is one of North America's largest restaurant chains operating in the quick service segment.

Tim Hortons started a pilot Wednesday with select locations offering the Beyond Meat plant-based breakfast sausage patty in three new menu items - a breakfast sandwich, a wrap and a vegan sandwich.

The parent company of Tim Hortons, Burger King and Popeyes now has about 26,000 restaurants. To learn more about the TIM HORTONS brand, please visit the TIM HORTONS brand website at www.timhortons.com or follow us on Facebook, Twitter and Instagram. But with its shares now trading for more than 50 times sales, investors may want to wait for a pullback in Beyond Meat's stock price before buying in to this sizzling recent IPO.

Beyond Meat's shares have almost doubled since its debut on the Nasdaq earlier this month, taking its market capitalization to $5.35 billion at a high of $91.80. The company has managed to significantly increase its valuation since its debut, with most investors confident of its performance moving forward.

The artificial meat industry has recently seen a boom in popularity as more people are seeking healthier options to include in their diets.

Last week, Recipe Unlimited Corp. announced it would launch a plant-based burger from Beyond Meat competitor Lightlife Foods in June. Unlike previous iterations of plant-based meat products, Beyond Meat has managed to develop the technology to the point where its products are no longer distinguishable from the real thing in terms of texture and taste. The Impossible Whopper is made in partnership with Beyond Meat rival Impossible Foods. It will soon introduce its burgers in German discount supermarket chain Lidl during a trial period starting May 29.

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