Restaurant Brands (QSR) CEO Jose Cil is still bullish on plant-based foods at Burger King despite some fears on Wall Street that consumer demand has begun to cool amid a flood of new entries into the red-hot space.
“I think it’s just the beginning. It’s a brand new category, it’s a category we are leading not just in the U.S. but globally,” Cil told Yahoo Finance fresh off the company’s fourth quarter earnings call Monday. “And we think there is a lot of work to do still in terms of raising awareness, what are the benefits of it and then being able to offer some different products as well as occasions so that the consumer could expand their knowledge of the product. We are all in.”
Wall Street’s worries on the momentum of plant-based menu items at Burger King — who took a leadership position in the space in 2019 by introducing the Impossible Whopper — are not without merit.
Burger King began offering a two for $6 deal for the plant-based Impossible Whopper several weeks ago. The ad caught several analyst sources by surprise, as the sandwich sold for close to $6 for most of 2019. In other words, it was a premium-priced menu item for Burger King as the chain sought to capitalize on consumer curiosity.
“We felt introducing it in the two for $6 gave us the opportunity to make it accessible to a broader group of consumers. That over time will help us build on plant-based as a core element of our business long-term,” Cil says of the new promotion.
Meanwhile, Burger King’s fourth quarter same-store sales rose 2.8%. Same-store sales for the chain rose 0.6% in the U.S. and 4.7% in the rest of the world. Burger King’s same-store sales increased 4.8% in the third quarter.
‘Proliferation of alternatives’
The slowing in Burger King’s sales growth comes as big-name rivals ranging from McDonald’s to Yum! Brands’ KFC brand have entered the market with plant-based chicken products. Dunkin’ Brands has taken its Beyond Sausage breakfast sandwich — done in partnership with Beyond Meat — nationally to thousands of restaurants.
“Given the proliferation of alternatives spreading across the competitive landscape, we view BK’s ability to lap the Impossible Whopper launch with more skepticism and expect the brand to post negative-to-flat SSS in 2H20 in the U.S.,” cautioned Wells Fargo analyst Jon Tower in a recent note to clients. “While BK U.S. likely leads national brands with plant-based protein sales due to the Impossible Whopper, we see low barriers to entry for the alt-protein menu category and expect other, large competitors to jump into this arena in 2020, likely pressuring BK’s market leading position, in our view.”
In spite of the worries, Wall Street was pleased with Restaurant Brands’ latest quarter.
Shares rose as much as 6% in early trading Monday as investors cheered an insane 34.4% same-store sales increase at the company’s Popeye’s. Thank you, new fried chicken sandwich. Adjusted operating profits rose nicely at Burger King and Popeyes in the quarter and remained flat at Tim Horton’s — the result was a win in light of the coffee chain’s 4.3% same-store sales decline.
A vegan or plant-based diet excludes all animal products, including meat, dairy, and eggs. When people follow it correctly, a vegan diet can be highly nutritious, reduce the risk of chronic diseases, and aid weight loss.
Increasing numbers of people are moving toward vegan diets due to health, animal welfare, or environmental concerns. A 2018 Gallup poll reports that about 3% of people in the United States are fully vegan and notes that sales of plant-based foods are rising.
Vegan diets tend to be rich in nutrients and low in saturated fats. Research suggests that the diet can improve heart health, protect against cancer, and lower the risk of type 2 diabetes.
However, people eating only plant-based foods need to be more aware of how to obtain certain nutrients, including iron, calcium, and vitamin B-12, that usually come from an omnivorous diet.
In this article, we take a close look at the vegan diet, including its health benefits and risks, as well as important things to consider before trying it out. We also provide recipe ideas and tips for following a vegan diet.
A vegan diet involves eating only foods comprising plants. Those who follow this diet avoid all animal products, including meat, dairy, and eggs. Some people also avoid eating honey. For some, being vegan is a dietary choice, while for others, it is a lifestyle choice.
People who choose to live a vegan lifestyle may also avoid clothes, soaps, and other products that use or contain parts of animals, such as leather and animal fur. Some adopt this lifestyle for its environmental benefits as a sustainable diet.
Vegan diets tend to include plenty of fruits, vegetables, beans, nuts, and seeds. Eating a variety of these foods will provide a wide range of important vitamins, minerals, healthful fats, and protein.
People following this diet should, however, take care to get key nutrients that people usually consume in animal products. These nutrients include iron, protein, calcium, vitamin B-12, and vitamin D.
The main difference between vegetarians and vegans is that although vegetarians do not eat meat (including cows, pigs, chicken, and fish), they consume dairy products, eggs, or both. The vegan diet excludes all products with animal-based ingredients.
The vegan diet is more restrictive, so people will need to think more about where their nutrients are coming from to ensure that they meet their daily dietary requirements.
Vegan diets can provide all of the nutrients that a person needs, and they can eliminate some of the possible risks that research has associated with harmful animal fats. Research has linked the vegan diet with a range of health benefits, including those below.
Vegan diets can boost heart health in several ways.
A large scale 2019 study has linked a higher intake of plant-based foods and lower intake of animal foods with a reduced risk of heart disease and death in adults.
Animal products — including meat, cheese, and butter — are the main dietary sources of saturated fats. According to the American Heart Association (AHA), eating foods that contain these fats raises cholesterol levels. High levels of cholesterol increase the risk of heart disease and stroke.
Plant foods are also high in fiber, which the AHA link with better heart health. Animal products contain very little or no fiber, while plant-based vegetables and grains are the best sources.
In addition, people on a vegan diet often take in fewer calories than those on a standard Western diet. A moderate calorie intake can lead to a lower body mass index (BMI) and a reduced risk of obesity, a major risk factor for heart disease.
According to a 2017 review, eating a vegan diet may reduce a person’s risk of cancer by 15%. This health benefit may be due to the fact that plant foods are high in fiber, vitamins, and phytochemicals — biologically active compounds in plants — that protect against cancers.
Research into the effects of diet on the risk of specific cancers has produced mixed results.
However, the International Agency for Research on Cancer report that red meat is “probably carcinogenic,” noting that research has linked it primarily to colorectal cancer but also to prostate cancer and pancreatic cancer.
The agency also report that processed meat is carcinogenic and may cause colorectal cancer.
Eliminating red and processed meats from the diet removes these possible risks.
People on a vegan diet tend to have a lower body mass index (BMI) than those following other diets.
The researchers behind a 2015 study reported that vegan diets were more effective for weight loss than omnivorous, semi-vegetarian, and pesco-vegetarian diets, as well as being better for providing macronutrients.
Many animal foods are high in fat and calories, so replacing these with low calorie plant-based foods can help people manage their weight.
It is important to note, though, that eating lots of processed or high fat plant-based foods — which some people refer to as a junk food vegan diet — can lead to unhealthful weight gain.
A vegan diet removes some sources of nutrients from the diet, so people need to plan their meals carefully to avoid nutritional deficiencies. People may wish to talk to a doctor or dietitian ahead of adopting a vegan diet, especially if they have existing health conditions.
Key nutrients that may be low in a vegan diet include:
• Vitamin B-12: Vitamin B-12 is mainly present in animal products. It protects the nerves and red blood cells. Plant-based sources of this vitamin include fortified cereals and plant milks, nutritional yeast, and yeast spreads. Read more about vegan sources of vitamin B-12.
• Iron: Iron is important for blood health. Beans and dark leafy greens are good sources. Find out more about iron-rich vegan foods.
• Calcium: Calcium is crucial for bone health. Eating tofu, tahini, and leafy greens will help keep calcium levels up. Learn about calcium-rich plant-based foods.
• Vitamin D: Vitamin D protects against cancer and some chronic health conditions, and it helps strengthen the bones and teeth. Regularly eating vitamin D-fortified foods and spending time in the sun can boost vitamin D levels.
• Omega-3 fatty acids: Important for heart, eye, and brain function, there are three types of omega-3 fatty acid: EPA, DHA, and ALA. Walnuts and flaxseeds are good sources of ALA, but seaweeds and algae are the only plant sources of EPA and DHA. Read about how to get omega-3 as a vegan.
• Zinc: Zinc is important for the immune system and the repair of DNA damage. Beans, nutritional yeast, nuts, and oats are high in zinc. Read about zinc-rich vegan foods.
• Iodine: Iodine is important for thyroid function. Plant-based sources include seaweeds and fortified foods.
A person may wish to ask for their doctor’s advice on whether to take supplements or consume more fortified foods.
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