McDonald’s Profit Rises 12% on Sales of Frozen Drinks
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McDonald’s Corp., the world’s largest restaurant chain, posted a 12 percent gain in second-quarter profit after attracting more customers with its frappes and smoothies.
Net income rose to $1.23 billion, or $1.13 a share, Oak Brook, Illinois-based McDonald’s said today in a statement. That compared with the $1.12 average of estimates compiled by Bloomberg.