Tim Hortons’ parent posts $364M profit in Q3 even as costs rise

A 73-year-old Ontario woman says she suffered serious burns to parts of her body after the cup of tea she ordered from Tim Hortons collapsed, resulting in scalding hot fluid falling onto her. Shallima Maharaj reports. – Mar 20, 2023. recorded a US$364 million profit in its most recent quarter as it continued to warn of increases in commodity, labour, and energy costs.

It says the decrease seen over the period ended Sept. 30 was primarily driven by income tax expenses and an increase in share-based compensation, non-cash incentive compensation expense and interest expenses.The fast-food parent company, which reports in U.S. dollars, is also posting a revenue boost to US$1.83 billion from US$1.72 billion a year earlier.

It warns the geopolitical tensions could have an adverse impact on its business, if the company and its franchisees are not able to adjust prices sufficiently without negatively impacting consumer demand.How to navigate Canada’s ‘daunting’ mortgage market amid higher ratesViewed

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Tim Hortons parent company sees $364 million profit in Q3 despite rising costsTORONTO — Restaurant Brands International Inc. recorded a US$364 million profit in its most recent quarter as it continued to warn of increases in commodity, labour, and energy costs.
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Tim Hortons parent company sees $364 million profit in Q3 despite rising costsRestaurant Brands International Inc. recorded a US$364 million profit in its most recent quarter as it continued to warn of increases in commodity, labour, and energy costs.
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Tim Hortons parent company sees US $364 million profit in Q3 despite rising costsRestaurant Brands International Inc. recorded a US $364 million profit in its most recent quarter as it continued to warn of increases in commodity, labour, and energy costs.
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