Ingredients:
Milkfat And Nonfat Milk, Sugar, Caramel Swirl [Corn Syrup, High Fructose Corn Syrup, Sweetened Condensed Skim Milk (Pasteurized Skim Milk, Sugar), Water, Heavy Cream, Butter (Cream, Salt), Natural Flavors, Sodium Alginate, Salt, Sodium Bicarbonate, Sodium Citrate], Sweetcream Buttermilk, Whey, Contains Less Than 2% Of Natural Flavors, Guar Gum, Mono And Diglycerides, Xanthan Gum, Carrageenan.
Source: Friendly's Manufacturing And Retail