Tim Hortons raises its quarterly profits 1.5 per cent
Price increase and new food options, major contributors
Investors were relieved Thursday when Tim Hortons reported a 1.5 per cent increase in quarterly profits, even amid rising commodity costs. Price increases and the company’s line of new products, including the popular fruit smoothie, were the main contributors to its 10 per cent revenue jump in its second-quarter results. Profits climbed from $94.1 million dollars last year, to $95.5 million dollars this year. Net earnings rose from 54 cents per share to 58 cents per share.
Related Posts
Life
Debating the pros and cons of Daylight Saving Time
Ahead of the end of this year’s daylight saving on Nov. 7, Shannon Proudfoot breaks down the pros and cons of the increasingly unpopular practice
General
Maclean’s Registration wall FAQ
You can read five Macleans.ca articles every 30 days. To read more, you must create an account or log in to an existing...
General
Maclean’s 2022 Student Survey Contest Rules
CONTEST RULES (the “Official Rules”) Maclean’s Student Survey 2022 Contest (the “Contest”) WHO ARE THE SPONSORS?...
Get the Best of Maclean’s straight to your inbox.
Sign up for news, commentary and analysis. Join 60,000+ Canadian readers.