Dec. 15 - Top restaurant M&A of 2021 | BTIG: McDonald's McPlant test exceeds expectations
BTIG: McDonald's McPlant performing 'exceptionally well' in test markets; Companies plan 3.9% wage boost in 2022, highest rate since 2008; Feds to revisit overtime, joint employment rules
Plentiful capital, concerns over changing tax laws and a decent recovery among QSRs helped drive transaction activity in 2021, but 2022 could slow dealmaking and spark more interest in full-service chains.
Analyst Peter Saleh estimates that several of the product's eight test locations are selling about 70 McPlant burgers a day compared to the firm's initial projections of 20 to 25.
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