Canadian coffee chain Tim Hortons posts higher profit

Thu Nov 7, 2013 7:44am EST
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Nov 7 (Reuters) - Canadian coffee and doughnut chain Tim Hortons Inc reported an 8 percent rise in quarterly profit as same-store sales improved slightly in the United States.

The company's net income rose to C$113.9 million ($109.4 million), or 75 Canadian cents per share, in the third quarter ended Sept. 29 from C$105.7 million, or 68 Canadian cents per share, a year earlier.

Total revenue rose 3 percent to C$825.4 million.