Beyond Meat Stock Gains On Reports About KFC's Launch Of Plant-Based Fried Chicken

Beyond Meat Inc's BYND plant-based chicken will be available in KFC restaurants nationwide, according to a CNBC report.
The launch comes after years of testing from the Yum Brands Inc YUM chain and Beyond Meat to create a meat substitute that mimicked the taste and texture of whole muscle chicken.
"From a supply perspective, we feel really good about it, and it's something we have experience with in initial trials," the report quoted Beyond Meat CEO Ethan Brown.
The two companies first tested plant-based chicken at an Atlanta restaurant in August 2019.
Price Action: BYND shares are trading higher by 9.54% at $67.50 in premarket on the last check Wednesday.