00:00It's Benzinga, bringing Wall Street to Main Street.
00:02McDonald's is betting big on beverages after shuddering its alien-themed Cosmix concept last year, according to Benzinga.
00:08The fast food chain will begin testing a new line of iced drinks in 500 U.S. restaurants in September, focusing on Wisconsin and Colorado.
00:15Offerings include creamy vanilla cold brews, popping tropic refreshers, and dirty sodas.
00:20Soft drinks blend it with flavored syrups and dried fruit.
00:23Move comes as fast food chains like Taco Bell and Wendy's seek higher-margin drink sales to counter-swelling traffic.
00:29McDonald's says Gen Z demand for fun and flavorful drinks is driving the trend.
00:33Beverage is growing faster than burgers in 2024.
00:36Fast food chains are increasingly competing with major coffee brands as they expand to the growing beverage market.
00:41McDonald's sees drinks as highly profitable and popular with younger consumers,
00:45estimating the market could reach $100 billion across key regions.
00:49For all things money, visit Benzinga.com.
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