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Date Submitted: 03/17/2014 09:22 PM

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* During 2012, it introduced its premium-blend coffee, decaffeinated coffee, and lattes, in a single-serve format using the Kraft Tassimo T-Disc on-demand beverage platform, which is sold primarily in Tim Hortons restaurants in Canada and the United States and other retail channels in the United States. (differentiate)

* Restaurants sell promotional products and merchandise on a seasonal basis and also sell home coffee brewers, home-brew coffee, boxed teas, and other products throughout the year.

* The Company has two wholly owned coffee roasting facilities in Rochester, New York and Hamilton, Ontario. The Company blends all of the coffee for its restaurants and also for the Company’s take home packaged coffee.


* In August 2013, Tim Hortons' board of directors approved a $900 million increase in debt to fund the program.

* Tim Hortons Inc (THI.TO) (THI.N) said on Wednesday it is selling about C$450 million ($426.9 million) in senior unsecured 10-year notes as part of a plan to fund a previously announced share buyback by the coffee and doughnut chain. (4.52% coupon rate)

* Early this year, U.S. hedge funds Scout Capital Management and Highfields Capital urged Tim Hortons to increase debt levels to fund a share buyback, address concerns about its U.S. expansion, and name directors to the board who have more financial expertise.

* Tim Hortons expanded its buyback program and named two new directors: Sherri Brillon, chief financial officer at Encana Corp (ECA.TO), and Thomas Milroy, group head of BMO Capital Markets (BMO.TO).

* Shares in Tim Hortons have surged 33 percent over the last 12 months.


* In August 2013, the Board of Directors approved a $900 million increase in...