McDonald’s Frozen Lemonade Boosts Profit as Food Costs Increase
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McDonald’s Corp. may report its eighth straight quarter of profit growth, the longest streak in 13 years, as beverages such as frozen strawberry lemonade combat rising costs that are making hamburgers less profitable.
The world’s largest restaurant chain is expected to say tomorrow that profit rose to $1.28 a share and revenue climbed to $6.65 billion, the average of analysts’ estimates compiled by Bloomberg.