Smoothies, frappes offer McDonald’s sales jolt in hot July; shares touch all-time highBy AP
Monday, August 9, 2010
Summary Box: McDonald’s summer of smoothies
SMOOTHIES AND JAVA: McDonald’s rode the launch of its new fruit smoothies and strong sales of its coffee drinks to its best monthly U.S. sales performance in more than a year in July. Around the world, sales at restaurants open at least 13 months rose 7 percent.
BEATING THE HEAT: Helping the launch of the smoothies was a July the National Weather Service said was one of the hottest ever, breaking records in several Eastern cities.
STOCK HOT, TOO: McDonald’s shares briefly hit an all-time high of $73.33 Monday and were up $1.19 to $72.93 in the afternoon.