Home Wealth  Money Tim Horton's Books Bigger Profit

Tim Horton's Books Bigger Profit

Posted: Nov. 11th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Tim Horton's reported a solid gain in third quarter earnings today.

The quick service restaurant said profits rose to $103.6 million Canadian, or $0.65 Canadian per share, from $81.7 million Canadian, or $0.42 per share, in last year's third quarter.

Results beat analyst estimates.

Revenue rose 8%, to $727 million Canadian, on same-store sales growth of 6.3% in the US and 4.7% in Canada.

At the same time that Tim Horton's (nyse: THI - news - people ) has been beefing up its espresso and savory offerings, it has faced increased competition from rivals like McDonald's (nyse: MCD - news - people ) , which has been increasing its breakfast options.

Tim Horton's also competes with traditional coffee and pastry restaurants like Dunkin Brands' Dunkin Donuts and Starbucks (nasdaq: SBUX - news - people ) .

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you can’t mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Rare Auction to Offer Signed Artifacts Dating From the Spanish Empire to George W. Bush's Presidency
Custom Yachts Pave the Way for Custom Tenders
The Best Restaurant in the World is Osteria Francescana
5 Car Shows Around the World Where You’ll Find the Biggest Auto Unveilings
The Maîtres Cuisiniers de France-Académie Culinaire de France Meets for its Annual Congress
Supersonic Technology is About to Transform Aviation (Again)
The Most Noteworthy Real Estate Happenings - Week of June 10
Celebrate Negroni Week With 3 Fresh Recipes
Birds of a Feather: Why Designers are Flocking to Kate MccGwire
El Celler de Can Roca: Meet the Brothers Behind the Best Restaurant in the World
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE