Benzinga | Jan 5, 2022 07:40AM EST

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

* Beyond Meat Inc's (NASDAQ: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 (NYSE: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.