OAKVILLE, Ontario — Tim Hortons Inc. announced its results for the third quarter ended October 1, 2006.
Same-store sales increased 6 percent in Canada and 8.2 percent in the United States. Total revenues were $413.6 million in the third quarter, up 7.1 percent compared to $386.1 million in the third quarter of 2005.
According to a news release, the same-store sales growth was driven by a strong promotional calendar throughout the summer including a chunky chicken salad wrap; iced cappuccino with flavor shots of butter caramel, french vanilla, hazelnut or raspberry; a toasted chicken club sandwich; a 12-grain bagel; and the breakfast sandwich in the U.S.
"We are very pleased with the strength in our same-store sales growth in both Canada and the U.S.," said Paul House, chief executive and president. "Growth throughout the year has exceeded our long-term targets as we continue to benefit from our focus on providing customers with quality products at a reasonable price."
