Canadian doughnut, coffee and sandwich chain Tim Hortons (THI) reported first quarter earnings today of $80.7 million Canadian, or $0.48 Canadian per share, compared to $78.9 million Canadian, or $0.45 Canadian per share. Revenue rose 10.4%, to $643.5 million Canadian.
Same-store sales rose 2% in the company’s native Canada and 4.9% in the U.S. Results missed analyst expectations.
U.S.-based rival Dunkin’ Donuts is planning a public offering following years of private equity ownership, while coffee chain Starbucks (SBUX), and even McDonald’s (MCD) pose more of a threat as they expand into more breakfast food offerings.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.