Tim HortonsParent company Restaurant Brands International Inc. of the ‘parent company’ saw sales jump 14% in the second quarter as demand for the coffee and bakery chain returned to pre-pandemic highs.
The U.S. dollar bookkeeping firm, said that its global system-wide sales grew by nearly $1 billion year-on-year to more than $10 billion, with sales digital increased double digits over the same period.
Managing Director of RBI Jose Cil said the company was able to drive sales at Tim Hortons Canada above pre-pandemic levels for the first time since the pandemic broke out.
RBI, which also includes Burger King, Popeyes Louisiana Kitchen and Firehouse Subs, said its net income attributable to common stockholders totaled $236 million or 76 cents per diluted share for the quarter ended. on June 30, down from $259 million or 84 cents per diluted share shared a year earlier.
Revenue for the quarter came in at $1.64 billion, up from $1.44 billion in the same period last year.
On an adjusted basis, RBI said it earned 82 cents per diluted share in the most recent quarter, up from adjusted earnings of 77 cents per diluted share a year earlier.
– with files from Global News
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