Tim Hortons' profit falls in 4Q

ONTARIO Tim Hortons Inc. said Friday that poor sales and store closures within its U.S. division led to an 8.6-percent drop in fourth-quarter profit for the Canadian coffee and doughnut franchisor.

The company, which operates or franchises 3,437 units throughout North America, said same-store sales at its 520-unit U.S. segment declined 0.1 percent for the quarter. Increased menu pricing accounted for about 3.2 percent, indicating that guest traffic was down. Sam

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish