Tims Keeps Innovating

Article Excerpt

TIM HORTONS $34.59 (Toronto symbol THI; SI Rating: Extra Risk) (905-845-6511; www.timshortons.com; Shares outstanding: 189.7 million; Market cap: $6.6 billion) reports 14.4% higher revenues in the three months ended July 1, 2007, to $465.3 million from $406.8 million. Earnings per share fell 7.7%, to $0.36 from $0.39. However, the decline came mostly from a higher effective tax rate. Meanwhile, Tim Hortons will begin opening stores in Wal-Mart Canada Supercentres later this year. The first Tim Hortons will appear at Wal-Mart locations in Edmonton and Lethbridge in Alberta and Brockville, Ontario. Seven stores should be operating by early 2008, with further locations in Alberta and Ontario. Later this year, Tim Hortons expects that all of its stores will accept payment by MasterCard. As well, it plans to launch a debit-style cash ‘Tim Card’. Tim Hortons is still a buy. buy…

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