Frozen Drinks Propels McDonald’s Profits

McDonald’s Corp. said last Friday that its second-quarter earnings rose 12 percent from the same quarter last year.
Frozen Drinks Propels McDonald’s Profits
An iced coffee from Mcdonalds (Scott Olsen/Getty Images)
7/25/2010
Updated:
7/25/2010

<a href="https://www.theepochtimes.com/assets/uploads/2015/07/Screen_shot_2010-07-25_at_5.22.45_PM_medium.jpg"><img src="https://www.theepochtimes.com/assets/uploads/2015/07/Screen_shot_2010-07-25_at_5.22.45_PM_medium.jpg" alt="An iced coffee from Mcdonalds (Scott Olsen/Getty Images)" title="An iced coffee from Mcdonalds (Scott Olsen/Getty Images)" width="300" class="size-medium wp-image-65345"/></a>
An iced coffee from Mcdonalds (Scott Olsen/Getty Images)
Restaurant chain McDonald’s Corp. said last Friday that its second-quarter earnings rose 12 percent from the same quarter last year, boosted by brisk cold-beverage sales and sales of its new frozen treats. Net income was $1.23 billion, or $1.13 per share, exceeding Wall Street analyst expectations by a penny. 

The company has experienced higher sales due to its espresso and coffee-based cold beverages, as well as its recently introduced frozen shakes. Shares were off 2 percent, down $1.50 to $69.90 on Friday trading.