Tim Hortons Inc. (NYSE:THI) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Tim Hortons Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 0% to $0.56 in the quarter versus EPS of $0.56 in the year-earlier quarter.
Revenue: Rose 1.27% to $731.54 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tim Hortons Inc. reported adjusted EPS income of $0.56 per share. By that measure, the company missed the mean analyst estimate of $0.62. It missed the average revenue estimate of $755.13 million.
Quoting Management: “Marc Caira is an accomplished executive with exceptional knowledge of the North American and global foodservices industry. His knowledge of the out-of-home hot and cold beverage and food sectors is second to none. Marc’s strategic leadership capabilities, vision and tremendous depth of experience make him the ideal leader to take Tim Hortons into the future, and I am confident the Company is in great hands,” said Paul House, executive chairman, Tim Hortons Inc.
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