Momentum in U.S. for Tim Hortons

|By:, SA News Editor

Tim Hortons (THI +6.9%) trades higher after beating Q2 estimates and lifting guidance to the high end of its previous range.

The restaurant operator saw same-store sales growth of 2.6% in Canada and 5.9% in the U.S. during the quarter.

The operating momentum in the U.S. has give a boost to cash flow.