Shake Shack is not going to be adding Beyond Meat’s plant-based burger to its menu anytime soon, the company's CEO said last week.
"We have no intention of doing it today," Shake Shack CEO Randy Garutti told CNBC's "Beyond's stock fell 5% in morning trading Friday, while Shake Shack's is up less than 1%. The burger chain's stock is down 2% over the last year, but shares of Beyond have soared 57% since its initial public offering at the beginning of May.
Burger King, Carl's Jr. and A&W Restaurants have jumped on the trend. Traffic to Burger King test locations for its plant-based Impossible Whopperin April, according to a report from inMarket inSights.
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