Tim Hortons Inc., Toronto symbol THI, saw less traffic at its Canadian coffee-and-donut stores in the first quarter of 2011, due to bad winter weather. As well, the company spent more on promotions, which hurt its earnings growth.
We analyze Tim Hortons in Stock Pickers Digest, our newsletter for portfolio investing in aggressive stocks.
In the three months ended April 3, 2011, Tim Hortons’ earnings rose 2.3%, to $80.7 million from $78.9 million. Earnings per share rose 6.7%, to $0.48 from $0.45, on fewer shares outstanding. That fell short of the consensus estimate of $0.51 a share.
Sales rose 10.4%, to $643.5 million from $582.6 million a year earlier. The company opened 31 new restaurants in Canada during the quarter. That brings its total number of Canadian stores to 3,169. Same-stores sales rose 2.0% in Canada.
In the U.S., Tim Hortons opened six restaurants and five self-serve kiosks. It now has 613 U.S. outlets. Same-store sales rose 4.9% in the U.S.
If your portfolio investing involves more aggressive picks like Tim Hortons, you should have a subscription to Stock Pickers Digest. What’s more, you can get the latest issue absolutely free. Click here to learn how.
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Jim
Hillary is obviously misunderstood because the law does not apply in her case!
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Hillary is obviously misunderstood because the law does not apply in her case!