After another disappointing quarter from Tim Hortons, the owner of the Canadian coffee chain shared more about its plans to reinvigorate the business.
The coffee chain is in the middle of a turnaround after several years of disappointing sales growth.
Sales of both hot and cold beverages were weaker during the quarter. Limited-time offers did not help declining sales of the Iced Capp, Tims' version of the Frappuccino. Canada's cold weather means that fewer customers drink cold beverages year round. The chain also unveiled new spill-resistant lids for its coffee during the third quarter. The majority of Tims customers pick up their coffee via a drive-thru.
"Given our leadership in convenience and frequency, we continue to believe that we can win market share and lunch over time with the right investment and focus," Cil said.Starbucks' One bright spot for Tims was the continued success of its loyalty program, which launched in March. Half of all of its transactions come from rewards members.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
The life and rise of Tim Sweeney, the billionaire CEO and founder of the company behind 'Fortnite,' Epic Games'Fortnite' raked in over $2.5 billion in 2018. See how the CEO of the company behind the game, Tim Sweeney, lives and spends his money.
Leer más »
Insurer AIA third-quarter new business posts tepid rise as Hong Kong demand slowsAsia-focused insurer AIA Group Ltd said on Monday it posted only a sma...
Leer más »
Saudi SABIC records $400 million impairment loss on Clariant, third-quarter profit plungesSaudi Basic Industries Corp. (SABIC) reported an 86% drop in third-quarter net p...
Leer más »
HSBC flags challenging revenue outlook after missing third-quarter profit forecastsHSBC Holdings PLC on Monday flagged a softer revenue growth outlook and dropped ...
Leer más »
HSBC Misses Third-Quarter Profit ExpectationsWhile its Asian business 'held up well in a challenging environment,' performance in Europe was 'not acceptable,' Chief Executive Noel Quinn said
Leer más »
HSBC CFO says to expect 'material action' against struggling business unitsThe bank is looking at ways to reshape its non-ring-fenced bank in the United Kingdom and its U.S. business, HSBC Group CFO Ewen Stevenson said.
Leer más »