Coronavirus pandemic takes huge bite out of Tim Hortons’ sales as Canadians stay home [Financial Post (Toronto, Ontario, Canada)]
Restaurant Brands International Inc. Common Shares (QSR)
Last restaurant brands international inc. common shares earnings: 5/1 06:30 am
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Source: Financial Post
Coronavirus pandemic takes huge bite out of Tim Hortons' sales as Canadians stay home Sales tumbled more than 40% in March but the worst appears to be over Tim Hortons is struggling with major revenue declines, with daily sales during the coronavirus crisis dropping nearly 40 per cent compared to this time last year, according to an earnings report from the coffee chain’s parent company Restaurant Brands International Inc. The outbreak hit Canada in March just as Tim Hortons was in the midst of a company-wide “back-to-basics” push to ratchet down a flurry of confusing menu experiments and refocus the chain on coffee, doughnuts and breakfast. But those routine morning offerings have been hit the hardest by the shift to working from home, RBI said on Friday. “Everyone has been impacted heavily in that breakfast business,” RBI chief executive Jose Cil said on a conference call with analysts. The pandemic also complicated the already delicate process of overhauling the chain’s signature
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Earnings
- 10/30/25 - Beat
QSR
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form SCHEDULE
- 12/1/25 - Form 4
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