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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.

As of the close of the March 30-ended quarter, Tim Hortons had 4,524 restaurants worldwide, including 3,610 units in Canada, 870 locations in the United States and 44 outlets in the Gulf Cooperation Council.


Result: $90.9 million Canadian, or 66 cents per share
% Increase: 5.5% (from $86.2 million Canadian, or 56 cents per share)


Result: $766.4 million Canadian
% Increase: 4.8% (from $731.5 million Canadian)


% Increase in Canada: 1.6%

% Increase in the U.S.: 1.9%

Source: Company report

Tim Hortons 4Q profit rises despite unit closures
Tim Hortons' 3Q profit rises nearly 11%
Same-Store Sales at

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

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