Tim Hortons Posts Higher Profit on Strong U.S. Sales

Retail Reuters

Tim Hortons Inc (THI) Canada's largest restaurant chain, said its profit rose 13% in the second quarter as it benefited from strong U.S. sales.

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The net income attributable to Tim Hortons rose to C$108.1 million ($108.7 million), or 69 Canadian cents per share, from C$95.5 million, or 58 Canadian cents per share, a year earlier.

In the United States, same-store sales rose 4.9%.