OAKVILLE, Ont. – Tim Hortons, which will join forces with Burger King in a US$11-billion deal, says preliminary sales for the third-quarter were up in both Canada and the U.S.
The doughnut and coffee chain says same-store sales were up 3.6 per cent in Canada and seven per cent in the U.S., referring to stores that have been open for at least a year.
Get weekly money news
MORE: Complete coverage of Burger King takeover of Tim Hortons
Tim Hortons says it’s releasing the information for the nine weeks ended Aug. 31 in connection with disclosure obligations under its recent deal with private equity firm 3G Capital and Burger King Worldwide.
- From wigs to wine, Canadian goods targeted in Trump’s latest tariff threats
- Edmonton city council faces urgent call to address downtown business closures
- West Nile virus is showing up across Ontario. What to know about the risk
- Alberta distillery welcomes easing of interprovincial liquor trade barriers
The deal will create the world’s third-largest fast-food company and the corporate headquarters of the new company will be in Canada.
As of June 29, Tim Hortons had 4,546 restaurants, including 3,630 in Canada, 866 in the United States and 50 in the Gulf Co-operation Council.
Comments
Want to discuss? Please read our Commenting Policy first.