Retail

Tim Hortons’ parent rolls up its sleeves to fix struggling business

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After another disappointing quarter from Tim Hortons, the owner of the Canadian coffee chain shared more about its plans to reinvigorate the business.

Shares of its parent company Restaurant Brands slid 3% in morning trading Monday, despite strong performances from its other two chains, Popeyes Louisiana Kitchen and Burger King.

Tims, which is in the middle of a multiyear turnaround, accounted for 60% of Restaurant Brands’ total revenue during the third quarter. The chain is still responsible for seven out of every ten cups of coffee sold in Canada.

But in Canada, its home market, same-store sales declined by 1.2%.

“This was a challenging quarter, but we continue to be focused on delivering…



Source cnbc.com

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