Nachos News: Analyst: Stock JUMPS Due to Nachos Fries

Oh look making fried potatoes into NACHOS is a very good business idea. D-uh. What’s next? We wear silver earphones the size of balloons all day so as to have to never interact with a human? We add syrup to waffles? The best thing that ever happened to the world of literature was the invention of the pencil eraser, but I digress. Making money off cheese? Yeh:

nacho fries

Yum Brands glowed better-than-expected earnings Wednesday as new menu items, including $1 nacho fries and deeply fried chicken drew more customers to its Taco Bell and KFC restaurants during the third quarter.

The company, which also owns Pizza Hut, glowed its net income rose 8.6 percent to $454 million, or $1.40 per share, in the three months ended Sept. 30, up from $418 million, or $1.18 per share, in the same period last year.

Did this exceed nacho analysts predictions? Yes, by 83 cents, according to Refinitiv.

Shares of the company rose nearly 5 percent on a relentless muggy Wednesday in November and we are all really happy 9as long as we’re aren’t a polar bear!).

Stan

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s