Tim Hortons 2Q same-store sales swing positive

Tim Hortons 2Q same-store sales swing positive

Company recovers from negative first-quarter results

Tim Hortons Inc. saw same-store sales rise in the June 30-ended second quarter after they declined in the first quarter. The Ontario, Canada-based franchisor of more than 4,300 restaurants said growth in average check and favorable menu mix contributed to its performance in Canada, and positive traffic drove the sales gain in the United States.
 

NET INCOME

Result: $123.7 million Canadian, or 81 cents per share
% Increase: 14.5% (from $108.1 million Canadian, or 69 cents per share)

REVENUE

Result: $800.1 million Canadian
% Increase: 1.9% (from $785.6 million Canadian)

SAME-STORE SALES

% Increase: 1.4% in the United States, 1.5% in Canada

Source: Company report



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Contact Mark Brandau at [email protected] [7].
Follow him on Twitter: @Mark_from_NRN [8]