Tim Hortons posts higher earnings, same-store sales rise

Reuters

TORONTO, May 7 (Reuters) - Tim Hortons, Canada's biggest coffee and doughnut chain, reported higher earnings on Wednesday, as same-store sales grew during the quarter, but results were partially impacted by higher interest expense and a higher tax rate.

Net income attributable to Tim Hortons for the first quarter ended March 30 was C$90.9 million, or 66 Canadian cents, compared with C$86.2 million, or 56 Canadian cents earned a year ago.

(Reporting by Solarina Ho)

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