Tim Hortons profit rises on higher U.S. sales

Thu Aug 9, 2012 7:48am EDT
 
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(Reuters) - Tim Hortons Inc THI.TO THI.N, Canada's largest restaurant chain, said its profit rose 13 percent in the second quarter as it benefited from strong U.S. sales.

The net income attributable to Tim Hortons rose to C$108.1 million ($108.7 million), or 69 Canadian cents per share, from C$95.5 million, or 58 Canadian cents per share, a year earlier.

In the United States, same-store sales rose 4.9 percent.

(Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Don Sebastian)