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Tim Hortons parent Restaurant Brands International reports higher Q2 profit
['Tara Deschamps', 'The Canadian Press', 'Ben Waldman', 'Av Kitching', 'David Sanderson', 'Taylor Allen', 'Craig Lord', 'Chris Kitching']
Winnipeg Free Press
TORONTO – Tim Hortons’ latest quarter lacked some of the brand’s usual pep.
The café chain’s owner Restaurants Brands International Inc. revealed Thursday that Tim Hortons’ sales remained flat in its second quarter, when its marketing failed to land how executives hoped.
Tim Hortons new flatbread pizza products (clockwise from top left) Bacon Everything, Simply Cheese, Pepperoni, and Chicken Parmesan are photographed at the Tim Hortons test kitchen in Toronto on Thursday, April 4, 2024.
But in the second quarter, Tims notched US$2 billion in system-wide sales, about the same as a year earlier.
His comments came after RBI announced its profit attributable to common shareholders reached US$507 million in its second quarter, compared with US$189 million during the same quarter a year ago.