Tim Hortons

Financing

Canadian population growth is a boon for Tim Hortons

An influx of people into the country has reset the coffee-and-doughnut chain’s growth expectations there. But can it also grow in the U.S.?

Financing

Fast-food chains post weak sales results, except for Taco Bell

The Mexican chain’s same-store sales rose 4% last quarter. But a host of other brands reported falling sales amid a difficult environment.

The coffee chain, which had been expanding aggressively in the country, has seen sales plunge there amid growing competition.

Restaurant Brands International is also making a big investment in Tims China, which operates Tim Hortons in the fast-growing country.

Sales were positive at Restaurant Brands International concepts, including Tim Hortons, Popeyes and Firehouse Subs. At Burger King, operator profitability increased 46%.

The former CEO of Domino's Pizza, lured out of retirement by Restaurant Brands International last year, was paid $117 million in stock and option awards.

Patrick Doyle, and now new CEO Josh Kobza, take the helm at the owner of Burger King, Tim Hortons, Popeyes and Firehouse Subs with a mandate: Speed the company's growth.

The former Domino’s CEO, who returned as executive chairman of Burger King owner Restaurant Brands International in November, said he is “all in” with his new position.

The 11-year company veteran, who had been COO, will take over for José Cil on March 1. Cil will remain with the Burger King and Tim Hortons parent company for one year as an advisor.

The Bottom Line: The coffee chain’s parent company still believes the brand can work south of the Canadian border, but it first had to change.

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