financetom
Business
financetom
/
Business
/
McDonald's to close standalone beverage concept
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
McDonald's to close standalone beverage concept
May 26, 2025 1:38 PM

May 23 (Reuters) - McDonald's Corp is shutting

down the five beverage-centered CosMc's stores it opened in

2023, but said some drinks from the standalone concept would be

tested in McDonald's restaurants.

The company said on Friday it had opened the stores as a

test to learn more about the "fast-growing beverage space,"

which it said it had a "right to win."

It said the standalone stores - in markets including San

Antonio, Texas - allowed it to test new flavor and technologies

without impacting existing McDonald's restaurants.

The company said it will test "CosMc's-inspired" drinks to

its main menu at hundreds of U.S. stores. The company has more

than 14,000 locations in the U.S.

In March, McDonald's announced it would be establishing a

new internal team to develop new beverages.

The company said all CosMc's would be closed on a rolling

basis beginning in late June. The CosMc's app will also be

discontinued.

Restaurant consultant John Gordon said McDonald's has

historically been "very quiet" in the beverage space compared

with other restaurant chains, which have experimented with

complicated drinks that typically carry a higher profit margin

than food items.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mexico's Banorte posts 7% profit climb in Q3 on strong loan book
Mexico's Banorte posts 7% profit climb in Q3 on strong loan book
Nov 3, 2024
MEXICO CITY, Oct 29(Reuters) - Mexico's Grupo Financiero Banorte reported on Tuesday a 7% hike in its third-quarter net profit from the year-ago period, as its active loan book topped 1 trillion pesos for the fifth-consecutive quarter driven mainly by corporate loans. Banorte's net profit hit 14.24 billion pesos beating an LSEG-compiled estimate of 13.36 billion pesos from a revenue...
Udemy Q3 Adjusted EPS, Revenue Increase; Q4 Sales Outlook Set -- Shares Rise After Hours
Udemy Q3 Adjusted EPS, Revenue Increase; Q4 Sales Outlook Set -- Shares Rise After Hours
Nov 3, 2024
05:51 PM EDT, 10/29/2024 (MT Newswires) -- Udemy ( UDMY ) reported Q3 non-GAAP net income late Tuesday of $0.07 per diluted share, up from $0.05 a year earlier. Analysts polled by Capital IQ expected $0.01. Revenue for the quarter ended Sept. 30 rose to $195.4 million from $184.7 million a year earlier. Analysts surveyed by Capital IQ expected $192.7...
New Gold Up 2.4% After Hours as it Swings to a Third-Quarter Profit as Revenue Rises 25%
New Gold Up 2.4% After Hours as it Swings to a Third-Quarter Profit as Revenue Rises 25%
Nov 3, 2024
05:30 PM EDT, 10/29/2024 (MT Newswires) -- New Gold ( NGD ) was last seen up 2.4% in after-hours New York trading after the company on Tuesday said it swung to a profit in the third quarter on higher revenue. The company which operates two mines, in Ontario and British Columbia, said it earned US$37.9 million, or US$0.05, in the...
--Robert Half Keeps Quarterly Dividend at $0.53 a Share, Payable Dec. 13 to Holders of Record on Nov. 25
--Robert Half Keeps Quarterly Dividend at $0.53 a Share, Payable Dec. 13 to Holders of Record on Nov. 25
Nov 3, 2024
05:50 PM EDT, 10/29/2024 (MT Newswires) -- Price: 69.98, Change: +0.54, Percent Change: +0.78 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved