Wednesday, July 15, 2009

Tim Hortons Strikes New York

Tim Hortons announced that is is continuing to expand in the US and is expanding 12 stores in New York City. The company may be unknown to our US readers, but it is a darling in Canada. It is very common (and very annoying) to see traffic backlogs caused by customers entering and leaving its stores. The sight of Him Horton's mugs, as the one shown above, is very common. This extremely popular brand has been quietly expanding into the US.

Tim Horton's trades under the symbol THI on the NYSE:

Tim Hortons Inc. is a Canadian quick service restaurant chain offering coffee, flavoured cappuccinos, specialty teas, home-style soups, fresh sandwiches and fresh baked goods, including its famous donuts. The Company directly owns and operates (without franchisees) about 1% number of restaurants in Canada and the United States, with the rest being franchisses. It also has warehouse and distribution operations that supply paper and dry goods to its Canadian restaurants, and supply frozen baked goods and some refrigerated products to most of its Ontario restaurants. In the United States, the Company supplies products to system restaurants through third-party distributors. Its operations also include a coffee roasting plant, a joint-venture bakery, and a fondant and fills manufacturing facility.

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