News Breaks |
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| December 4, 2012 |
| 07:38 EDT |  | THI | Tim Hortons initiated with a Buy at Longbow
Target $60. |
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News For THI From The Last 14 Days Check below for free stories on THI the last two weeks. |
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| May 14, 2013 |
| 07:31 EDT |  | THI | Tim Hortons announces purchase of up to $1.27M common shares
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| May 9, 2013 |
| 10:08 EDT |  | THI | On The Fly: Analyst Downgrade Summary
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| 10:08 EDT |  | THI | On The Fly: Analyst Upgrade Summary
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| 08:19 EDT | | THI | Tim Hortons downgraded to Underperform from Market Perform at BMO Capital
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| 07:52 EDT | | THI | Tim Hortons upgraded to Sector Outperformer from Sector Performer at CIBC
CIBC upgraded Tim Hortons following the weaker than expected Q1 report citing valuation and potential value creation driven by activist shareholders. Note that shares were downgraded at Desjardins and Barclays this morning. |
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| 07:50 EDT | | THI | Tim Hortons downgraded to Hold from Buy at Desjardins
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| 06:10 EDT | | THI | Tim Hortons downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded Tim Hortons due to valuation, transaction weakness, and growth plan uncertainty. |
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| May 8, 2013 |
| 15:27 EDT | | THI | Tim Hortons slides after revenue miss, new CEO named
Shares of coffee and donut retailer Tim Hortons (THI) were lower in late day trading after the company announced a new CEO this morning and reported quarterly revenue that missed expectations. WHAT'S NOTABLE: The company reported first quarter EPS, in Canadian dollars, of 56c, which included reorganization costs of 5c per share. Excluding those costs, earnings were roughly in-line with estimates. The company said same-store sales were down 0.3% in Canada and down 0.5% in the U.S. Tim Hortons reported revenue of C$731.5M, which was shy of the consensus forecast. Tim Hortons also announced the appointment of Marc Caira, who was most recently Global CEO of Nestl Professional, as its new President and CEO, effective July 2. On its earning conference call, Tim Hortons said it has evaluated the possibility of transferring real estate under its control to a REIT structure, but concluded a REIT would not create significant value. The company also said there may be added potential to add debt to its balance sheet, which could be used for several purposes including potential share repurchases. PRICE ACTION: In late afternoon trading, Tim Hortons shares were down 2.6% to $56.86. |
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| 07:37 EDT | | THI | Tim Hortons announces appointment of Marc Caira as CEO effective July 2
Caira replaces Paul House, who will become non-Executive Chairman of the board. Caira was most recently Global CEO of Nestle Professional. |
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