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Tim Hortons sales slump as stay-at-home orders impact morning coffee runs to chain

Canada continues to face strict lockdowns in much of the country with mobility severely restricted, he said. Americans are experiencing a very different path out of COVID than Canadians. Indeed, Restaurant Brands also the parent company of Burger King and Popeyes topped expectations as it reported its first-quarter profit and sales grew compared with a year ago. The company, which keeps its books in U.S. dollars, said it earned net income attributable to common shareholders of US$179 million or 58 cents per diluted share for the quarter ended March 31. The result compared with a profit of US$144 million or 48 cents per diluted share in the same quarter last year.

Tim Hortons sales slump amid stay-at-home orders

Save to Read Later Ongoing stay-at-home orders in Canada are continuing to dampen sales at Tim Hortons, with the impact on morning coffee routines the single largest drag on the chain s sales, the head of the restaurant s parent company said Friday. A customer uses the tap feature during a transaction at a Tim Hortons drive-through window in Mississauga, Ont., on Tuesday, March 17, 2020. THE CANADIAN PRESS/Nathan Denette Ongoing stay-at-home orders in Canada are continuing to dampen sales at Tim Hortons, with the impact on morning coffee routines the single largest drag on the chain s sales, the head of the restaurant s parent company said Friday.

Tim Hortons sales slump as stay-at-home orders impact morning coffee runs

  TORONTO Ongoing stay-at-home orders in Canada are continuing to dampen sales at Tim Hortons, with the impact on morning coffee routines the single biggest drag on the chain s sales, the head of the restaurant s parent company said Friday. There s no doubt that the biggest factor affecting our performance at Tims is a continued lockdown of a large majority of the country, Jose Cil, chief executive of Restaurant Brands International Inc., told analysts on a conference call to discuss the company s latest results. Canada continues to face strict lockdowns in much of the country with mobility severely restricted, he said. Americans are experiencing a very different path out of COVID than Canadians.

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