Canadian coffee and doughnut chain Tim Hortons Inc's third-quarter profit handily beat market estimates, as same-store sales got a boost from customers buying more expensive menu items.The company said same-store sales rose 6.8 percent in the United States and 3.5 percent in Canada in the three months ended Sept. 28.Excluding items, Tim Hortons earned 95 Canadian cents per share, ahead of the average analysts' estimate of 88 Canadian cents per share, according to Thomson Reuters I/B/E/S.The company, which says it sells nearly eight of every 10 cups of coffee sold in Canada, reported a 10 percent rise in total revenue to C$909.2 million ($795.10 million).
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.19% or $0.07/share to $37.24. In the past year, the shares have traded as low as $33.21 and as high as $38.73. On average, 749005 shares of TRI exchange hands on a given day and today's volume is recorded at 543062.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.69% or $0.29/share to $42.48. In the past year, the shares have traded as low as $36.86 and as high as $42.61. On average, 698858 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 582493.
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