If you want confirmation that this company owned to franchisee model is working, look at operating profits: 2Q14 = $63.9M vs. 2Q13 = $57.0M an increase of $6.9M or 12.1%. While revenues are down, costs are down more proportionally.
Also, same store sales, revenue figures that really matter are up 3.9%. Considering that MCD have been falling, WEN is in good shape.
Love that Tim Horton coffee maple! I have to beg, borrow, and steal when my friend goes home to Canada from South Carolina to bring me back a pound. In other words I like THI and have owned shares ever since the split from WEN, how about you? Tim Horton stock has been very, very good for my portfolio