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:
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
NACHOS ONLY NACHOS 