BEYOND LOCAL: Tim Hortons sales above pre-pandemic levels

TORONTO — The CEO of Tim Hortons' parent company says the quick service chain generated sales in its latest quarter above pre-pandemic levels for the first time since the onset of COVID-19, but the business is still being affected by a slower return to offices in regions like Toronto.

Cil's remarks come as restaurant operators and other hospitality businesses are plotting a rebound from the pandemic, which forced many to close their doors, pare back their store counts and face lower sales. They're being met with a slew of new products RBI has released at Tim Hortons like a second collaboration with Justin Bieber that took the form of a French vanilla cold brew called Biebs Brew.

The company, which keeps its books in U.S. dollars, says global system-wide sales were up nearly US$1 billion year-over-year to over US$10 billion, with digital sales growing by double-digits over the same period. Cil has yet to see the near 40-year high inflation level impact consumer habits, but said the company is ready to face economic pressures.

Those actions include providing franchisees with staffing and retention best practices, simplifying back-of-house processes and making training resources easy to follow.

Source: News Formal (newsformal.com)

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GSPS searching for missing 14-year-old girlShe was last seen leaving her residence in the Val Therese area on Aug. 3, prior to 3:00 a.m. and is described as approximately 5 feet six inches tall and 110 pounds with a thin build, long straight brown hair and brown eyes, with two earrings on her nose
Source: sudburydotcom - 🏆 6. / 89 Read more »

Rourke reaches new heights as B.C. Lions rout struggling Edmonton Elks 46-14 - Terrace StandardRourke reaches new heights as B.C. Lions rout struggling Edmonton Elks 46-14
Source: TerraceStandard - 🏆 24. / 68 Read more »

BEYOND LOCAL: U.S. sets sights on missing, murdered Indigenous womenA big catalyst is Interior Secretary Deb Haaland, the first Indigenous member of cabinet in U.S. history
Source: sudburydotcom - 🏆 6. / 89 Read more »

BEYOND LOCAL: Students want ‘university experience’ missed during COVIDData suggests students miss in-person learning and activities which encourage socialization
Source: sudburydotcom - 🏆 6. / 89 Read more »

BEYOND LOCAL: Women's players fear fallout of frozen Hockey Canada funding'It's a valid concern, especially long term,' said Gina Kingsbury, director of hockey operations for Hockey Canada's women's team
Source: sudburydotcom - 🏆 6. / 89 Read more »

BEYOND LOCAL: Reparations critical after Pope's apologyIn the aftermath of historical atrocities, apologies can offer a sense of justice and acknowledgement for people who were the targets of institutional violence
Source: sudburydotcom - 🏆 6. / 89 Read more »