Tim Hortons to Steadily Add U.S. Locations
OAKVILLE, Ontario -- Expect to see more U.S. Tim Hortons Inc. locations in the near future, the bakery and café company said during its recent earnings conference call.
According to Nation's Restaurant News, executives at the company said they were pleased with its latest quarterly U.S. sales at the chain, especially in its Buffalo, N.Y., and Columbus, Ohio, flagship markets.
"We don't see anything that would indicate that we would slow down the growth of new stores in Canada or the United States," Paul House, Tim Hortons president and CEO, said during the call, the magazine reported. "We still think there's a lot of room for growth in the Canadian marketplace, and in the United States, we're still really happy with our core markets and the same-store sales growth we're getting."
In mature markets, the company said it would continue to remodel its stores based on a prototype intended to position Tim Hortons as a bakery and café purveyor, as opposed to what some consumers still see as a coffee and doughnut provider, the news outlet reported.
All new store builds will also incorporate those components and co-brand with Cold Stone Creamery stores, so that Tim Hortons can continue to be popular throughout all dayparts, the company said in the conference call.
Tim Hortons had 721 U.S. locations at the end of its fiscal first quarter. In its home country of Canada, the company has 3,315 stores.
Stone Cold Creamery is a division of Kahala Franchising LLC.