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The seemingly terminal decline of Tim Hortons


In recent years Tims has closed dining areas in some Toronto and Hamilton locations, including shutting down washroom access, mostly due to security issues.
 

Restaurant Brands Sales Disappoint on North America Weakness


Restaurant Brands International Inc., the owner of Burger King and Tim Hortons, posted sales that grew slower than expected in the third quarter, highlighting many chains’ struggle to attract diners grappling with elevated costs.

The group eked out an 0.3% gain in comparable sales, according to a statement Tuesday. Still, analysts anticipated faster growth. System-wide sales of $11.4 billion were also short of the average analyst estimate.

Following the sales miss, the company’s shares dropped by roughly 5% in premarket trading on Tuesday. The stock is down 10% this year through Monday’s close, compared with a 20% increase in the S&P 500.

 

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