Tim Hortons Says Higher Commodity Costs Had ‘Impact’ on Results
Tim Hortons Inc. (THI) said higher commodity costs had an “impact” on third-quarter results.
Passing along higher costs to consumers is “difficult” and may have affected sales during the three-month period, Chief Executive Officer Paul House said today during an earnings conference call. House also cited a “challenging macro-economic environment.” Earlier, the company reported an increase in third-quarter revenue and net income from a year earlier.
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