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 canít 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
Louis Vuitton Rolls Out Their New Luggage Line
Can China be a Driving Force in the Superyacht Industry?
Top 4 Mountain Restaurants in Val d'Isere
The Rise of Natural Wine
East Coast Defender Taps Into the Heart of the Aftermarket
Nice to Meat You: Penn & Teller Take On Guy Savoy
Gaining Traction With The Porsche 911 Edurance Racing Edition
The Dyson 360 Eye Is Good Clean Fun
Let Your Baggage Be Light With The New TUMI V3
Vertu Shows Off Their Craftsmanship Chops With The New Aster Leaf
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE