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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.

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