Aug 6 Tim Hortons Inc , Canada's
biggest coffee and doughnut chain, reported a 9.3 percent rise
in quarterly revenue due to a rise in the average cheque per
Net income attributable to Tim Hortons was flat at C$123.8
million ($112.8 million) in the second quarter ended June 29. On
a per share basis, profit rose to 92 Canadian cents from 81
Canadian cents as the company bought back shares in the quarter.
The company, which serves nearly three of every four cups of
coffee sold in Canada, said revenue increased to C$874.3 million
from C$800.1 million.
Tim Hortons said sales at restaurants open for 13 months or
more increased 2.6 percent in Canada and 5.9 percent in the
($1 = 1.0974 Canadian Dollars)
(Reporting by Susan Taylor in Toronto and Ashutosh Pandey in
Bangalore; Editing by Savio D'Souza)