(Reuters) - Restaurant Brands International Inc’s Tim Hortons cut Beyond Meat Inc’s burgers and sandwiches from its menu, except in Ontario and British Columbia restaurants, months after a nationwide roll-out at the Canadian breakfast chain.
Beyond Meat’s shares fell nearly 6%, while Restaurant Brands’ stock was down about 1% on Wednesday.
“Both the Beyond Burger and Beyond Meat breakfast sandwiches were introduced as a limited-time offer,” Restaurant Brands said.
“We may explore offering the product again in other provinces at a future date based on ongoing guest feedback,” the company said.
Tim Hortons said in July it was expanding plant-based meat additions in nearly 4,000 restaurants. There are about 4,800 Tim Hortons restaurants in North America.
Beyond Meat said the menu items were introduced as a limited-time offering and could be brought back in the future.
Reporting by Nivedita Balu in Bengaluru; Editing by Shounak Dasgupta
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