Tim Hortons Says Dec., 4Q Sales Increase
Friday January 5, 7:49 am ET
Tim Hortons Says Same-Store Sales Grew 10.9 to 11 Percent in Canada in December
NEW YORK (AP) -- Canadian coffee-and-doughnut chain Tim Hortons Inc. said Friday same-store sales grew 10.9 to 11 percent in Canada in December.
Same-store sales, or sales in stores open at least one year, are a key gauge of industry performance.
In the U.S., same-store sales during the month ended Dec. 31 totaled 9.5 percent.
For the fourth quarter ended Dec. 31, same-store sales grew 9.3 percent in Canada and 8.3 percent in the U.S.
During the quarter, the company introduced a breakfast sandwich in Canada and promoted its chili and garlic toast in the U.S. and Canada.
For the year, same-store sales grew 7.5 percent in Canada and 8.9 percent in the U.S.
Tim Hortons operates 2,637 restaurants in Canada and 305 in the U.S.
