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THI

Tim Hortons Inc.

6/19/2013, 3:43 PM ET

Quote & Headlines Market Currents StockTalk

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Tuesday, June 18, 8:31 AM Tim Hortons (THI) has attracted the attention of a second hedge fund with Scout Capital Management increasing its stake to 5.5% and tipping off it plans to raise some issues with management. Earlier this year, Highfields Capital pushed the Tim Hortons board to consider U.S. expansion. (13D) Comment! [Consumer]
Tuesday, May 14, 8:36 AM Tim Hortons (THI) says it purchased 1.27M shares of its stock through a private "arm's length" transaction with a selling shareholder. The deal will count as part of the company's buyback allowance of 15.239M shares. Comment! [Consumer]
Thursday, May 9, 10:32 AM BMO Capital downgrades Tim Hortons (THI -2.2%) to Underperform from Market Perform after sizing up the restaurant operator's Q1 results and disappointing sales trends. What to watch: Expect something big to potentially break at the company with a new CEO on board amid rumblings from activist investors. Comment! [Consumer]
Wednesday, May 8, 9:48 AM Tim Hortons (THI -1.5%) names Marc Caira to be the company's new CEO to replace Paul House. The company released Q1 results earlier today with same-store sales in the U.S. and Canada both turning negative. Comment! [Consumer, Earnings]
Wednesday, May 8, 9:07 AM Tim Hortons (THI) declares $0.26/share quarterly dividend, in line with previous. Forward yield 1.78%. For shareholders of record May 23. Payable June 07. Ex-div date May 21. (PR) Comment! [Dividends]
Wednesday, May 8, 7:33 AM Tim Hortons (THI): Q1 EPS of $0.56 misses by $0.06. Revenue of $731.5M (+1.4% Y/Y) misses by $23.63M. (PR) Comment! [Earnings, Breaking News]
Wednesday, May 8, 12:05 AM Notable earnings before Wednesday’s open: AOL, ARQL, CTSH, CWH, DTEGY.PK, ENB, EZCH, FSYS, FUN, KRO, LMCA, LSE, MPEL, NAVB, NICE, POZN, SODA, STWD, THI, TTI, VVUS, WEN, WMC Comment! [Earnings]
Tuesday, May 7, 5:30 PM Notable earnings before Wednesday’s open: AOL, ARQL, CTSH, CWH, DTEGY.PK, ENB, EZCH, FSYS, FUN, KRO, LMCA, LSE, MPEL, NAVB, NICE, POZN, SODA, STWD, THI, TTI, VVUS, WEN, WMC Comment! [Earnings]
Wednesday, May 1, 11:11 AM The board at Tim Hortons (THI +4.1%) is reportedly feeling some heat from Highfields Capital to borrow up to $3.4B to buy back an ample amount of stock. The firm would also like to see Tim Hortons shed its distribution business and create an investment vehicle for real estate assets. Comment! [Consumer]
Friday, April 12, 9:51 AM Restaurant sales trends improved in March but remain "fragile," according to a new report from Black Box Intelligence. The sector saw a same-store sales increase of 0.5% during the month compared to February’s decline of 5% - while traffic decreased 2% compared to a 4.2% drop in February. Comment! [Consumer]
Wednesday, April 10, 2:17 PM Restaurant visits by parties of adults grew by 1% last year to end four consecutive declines in the category but visits with children in tow showed flat growth once again, according to tracking from the NPD Group. A tripping point for the sector has been the lack of growth in visits by parties with kids. What to watch: Analysts see increased promotional activity sneaking in on the industry's margins. 5 Comments [Consumer]
Friday, April 5, 10:40 AM A strike by fast food workers in New York City could have broad implications with the group's lofty goal to see a 107% pay raise up to $15 per hour. What to watch: Though historically the high turnover rate in the QSR industry has kept labor disruptions to a minimum, unions of foodservice workers have strengthened since 2009 and could take a small bite out of the sector's margins. 10 Comments [Consumer]
Friday, April 5, 7:22 AM Companies selling coffee are expected to continue to skate by with high prices on premium coffee despite the recent drop in coffee commodity costs. Channel checks and recent sales reports indicate demand and pricing power is as strong as ever. Perking up: Starbucks (SBUX), Dunkin' Brands (DNKN), McDonald's (MCD), Green Mountain Coffee (GMCR), Tim Hortons (THI), and Whole Foods Market (WFM). 6 Comments [Consumer]
Monday, March 25, 2:30 PM Restaurant blues: The consensus estimate of economists for consumer spending growth in February is for a 0.6% gain after the measure rose 0.2% in January but don't expect restaurants to report strong numbers for Q1. Inside tracking and guidance warnings from key companies indicate that the sector is feeling the pressure of higher payroll taxes. Major chains also face a tough period of comparable with last year's winter much milder on average in the U.S. 4 Comments [Consumer]
Friday, February 22, 8:50 AM The restaurant sector is on watch after a pre-earnings warning from Darden Restaurants (DRI) and a harsh downgrade on Wendy's (WEN) sets a negative tone. The picture being painted for 2013 is starting to get pretty consistent - margin pain and soft traffic trends. Other things to watch in 2013 for the sector: 1) The impact of higher payroll taxes. 2) The coming costs of the Affordable Care Act. 3) The push to raise the minimum wage. 4) Which chains can succeed in China and India? 5 Comments [Consumer]
Thursday, February 21, 10:16 AM Tim Hortons Inc. (THI) declares $0.26/share quarterly dividend, 23.8% increase from prior dividend of $0.21. Forward yield 2.11%. For shareholders of record Mar. 04. Payable Mar. 19. Ex-div date Feb. 28. (PR) Comment! [Dividends]