THE CANADIAN PRESS/Doug Ives. © 2020 CNBC LLC. Tweet. The parent company of Tim Hortons, Burger King and Popeyes, which keeps its books in U.S. dollars, says it earned net income of US$224 million or 48 cents per diluted share […] May 1, 2020 CanadianInvestor. Restaurant Brands International Inc Q1 2020 earnings call dated May. Tim Hortons is a Canadian coffee chain, founded in Ontario in 1964 by Canadian hockey player Tim Horton. And even with the pandemic, the chicken sandwich inspired growth of Popeyes was so strong in January, February, and early March that the brand still enjoyed a massive 40.0% visit jump overall for the quarter year over year. Forward by Email. Share this article. Popeyes saw a 32.3 per cent jump thanks in part to the popularity of its chicken sandwich in the U.S. Tim Hortons saw a 9.9 per cent decline in the quarter, while Burger King experienced a three per cent drop. Roxgold Reports First Quarter 2020 Results; Operations Continue to Generate Substantial Cash Flows . All Rights Reserved. Corporate Participants: Chris ... At Tim Hortons in Q1, our system-wide sales decreased negative 10% to nearly $1.4 billion driven by decrease in global comparable sales of negative 10.3%, which was partially offset by net restaurant growth of 1.2%. Tim Hortons saw a 9.9 per cent decline in the quarter, while Burger King experienced a three per cent drop. Share on Facebook. Business Wire. Analysts were expecting comparable sales rise of 17.47% for Popeyes and a fall of 9.24% for Tim Hortons, according to IBES data from Refinitiv. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Roxgold Inc. ("Roxgold" or the "Company") (TSX: ROXG) (OTCQX: … Posted May 1, 2020 5:08 am MDT. However, system-wide sales declined 9.9% from the prior-year quarter’s levels. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Here we look at two Canadian stocks Buffett sold in 2020 and if investors need to do follow suit. Stay-at-home orders due to the Covid-19 pandemic dented sales of breakfast and coffee at Tim Hortons chains, where comparable sales fell 10.3%. Find our store locations. While Burger King and Tim Hortons saw Q1 visit decreases of 7.0% and 10.3% year-over-year, this was heavily driven by a March defined by COVID-19. May 12, 2020. Data is a real-time snapshot *Data is delayed at least 15 minutes. You can change your choices at any time by visiting Your Privacy Controls. A Division of NBCUniversal. May 1, 2020 9:00 AM By: Canadian Press. Tim Hortons. Q1 2020: $365m; Q4 2019: $331m; Q3 2019: $295m; More: Twilio said it had 208,000 customers, up from 172,000 in Q3 2019. 4-min read. Known originally for its coffee and donuts, today … At Popeyes, the health crisis in March impacted sales, and were about flat in the last two weeks of the month. COMING SOON. A Tim Hortons employee hands out coffee from a drive-through window to a customer in Mississauga, Ont., on Tuesday, March 17, 2020. ET. May 2020. Revenues at Tim Hortons totaled $699 million compared with $749 million in the prior-year quarter. Tim Hortons Inc. is a fast food restaurant chain, specializing in coffee and doughnuts. Regis Q1 2021 Earnings Call Nov 02, 2020, 10:00 a.m. Tim Hortons, Tottenham: See 2 unbiased reviews of Tim Hortons, rated 3 of 5 on Tripadvisor and ranked #12 of 14 restaurants in Tottenham. Restaurant Brands International reports Q1 profit and sales down from year ago. Northern Ireland. Tim Hortons saw sales fall more than 40 per cent in the last two weeks of March as customers adjusted their daily routines and opted to stay home amid the COVID-19 pandemic. Deal volume dropped to 117 transactions, the lowest quarterly total since Q1 2013. Leisure and hospitality companies have been among the hardest hit by COVID-19 lockdowns. Leisure M&A deal value totaled US$13.5 billion in Q1 2020, which, although higher than figures recorded for Q1 2019, was more than 50% below Q4 2019 levels. TORONTO — Restaurant Brands International Inc. reported its first … Comparable sales, a key retail metric, fell 10.3 per cent at Tim Hortons with a 10.8 per cent drop in the Canadian market. Last Updated May 1, 2020 at 4:20 am PDT TORONTO — Restaurant Brands International Inc. reported its first-quarter profit fell compared with a year ago as the COVID-19 crisis began to take hold. Get this delivered to your inbox, and more info about our products and services. Restaurant Brands International Q1 sales fall. Restaurant Brands International reports Q1 profit and sales down from year ago. A customer walks out of a Tim Hortons restaurant in Newcastle, Ont. 2 Cookstown. Share on Twitter . Restaurant … 1 Coleraine. The parent company of Tim Hortons, Burger King and Popeyes, which keeps its books in U.S. dollars, says it earned net income of US$224 million or 48 cents per diluted share for the quarter ended … Explore . Restaurant Brands' Popeyes sales surge, while Tim Hortons misses estimates. Tim Hortons was the worst hit as lockdowns forced consumers to make their own coffee and breakfasts, dragging comparable sales down by 10.3%. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator . Comparable sales, a key retail metric, fell 10.3 per cent at Tim Hortons with a 10.8 per cent drop in the Canadian market. Tim Hortons struggling with no sign of customers returning to morning commute Tim Hortons is struggling to claw its way back to pre-pandemic sales levels, blaming another tough quarter on the disappearance of morning commuters. Restaurant Brands International reports Q1 profit and sales down from year ago. Restaurant Brands posted an over 26% jump in first-quarter comparable sales at Popeyes on Friday, but it said that sales at its breakfast and coffee chain Tim Hortons were hit due to coronavirus-led restrictions. In Statista. Some Tim Hortons UK & Ireland restaurants are currently operating with adjusted opening hours and services due to COVID-19. Tim Hortons' Dividend Is Safe These three tools can help determine the stability of its payout. Restaurant Brands International Q1 sales fall. 10 Riverside Park Coleraine, BT51 3NA. 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