Tim Hortons sales swing positive in 1Q

Tim Hortons sales swing positive in 1Q

Revenue, net income also increase during the quarter

Tim Hortons Inc.’s first-quarter same-store sales swung to a small increase in both the United States and Canada, leading to a 4.8-percent increase in revenue to $766.4 million Canadian. The Oakville, Ontario-based company’s net income growth accelerated slightly more at 5.5 percent, to $90.9 million Canadian, fueled by a massive share repurchase program that bought back about $1 billion of stock between August 2013 and April 2014.

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