By Patrick Thomas

Beyond Meat Inc. (BYND) shares surged more than 11% during premarket trading Thursday after McDonald's Corp. (MCD) said it plans to start testing the company's plant-based burgers at certain locations in Canada.

McDonald's said it will conduct a 12-week test of the Beyond Meat burger at 28 restaurants in southwestern Ontario starting Monday. The burger, called P.L.T. for plant, lettuce and tomato, will be priced at 6.49 Canadian dollars (US$4.90).

Fast-food restaurants have been rushing to add meat-free burgers to their menus, hoping these higher-priced alternatives will help them capture additional traffic and dollars even as suppliers have struggled to fill all the orders.

McDonald's shares were flat premarket but are up about 20% this year.

Write to Patrick Thomas at patrick.thomas@wsj.com

(END) Dow Jones Newswires

September 26, 2019 06:59 ET (10:59 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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