This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Tim Hortons Inc. Announces 2009 Third Quarter Results 2009-10-30 07:30 ET - News Release
<<
(All amounts in Canadian dollars)
Strong sales performance in Canada and the U.S.;
Earnings incorporate impact of reorganization
as a Canadian public company
Financial & Sales Highlights
----------------------------
-------------------------------------------------------------------------
Third Quarter Ended Q3 2009 Q3 2008 % Change
-------------------------------------------------------------------------
Revenues $ 563.6 $ 509.0 10.7%
Operating Income $ 129.2 $ 122.6 5.4%
Adjusted Operating Income(1) $ 132.4 $ 122.6 8.0%
Effective Tax Rate(2) 50.5% 32.5%
Net Income attributable to THI $ 61.2 $ 78.8 (22.3)%
Diluted Earnings Per Share (EPS)
attributable to THI $ 0.34 $ 0.43 (21.5)%
Fully Diluted Shares 180.9 182.7 (1.0)%
-------------------------------------------------------------------------
($ in millions, except EPS. Fully diluted shares in millions. All numbers
rounded.)
(1) Adjusted operating income is a non-GAAP measure. For information
regarding this measure, and a reconciliation to U.S. GAAP, please
refer to "Disclosure of Non-GAAP Financial Measures" and Table 1 in
this release. The reorganization as a Canadian public company
affected third quarter operating income by $3.2 million for
professional advisory fees and shareholder-related transaction costs.
(2) Effective tax rate includes the $19.9 million in discrete tax items
pertaining to the reorganization as a Canadian public company.
-------------------------------------------------------------------------
Same-Store Sales(3) Q3 2009 2009 YTD Q3 2008
-------------------------------------------------------------------------
Canada 3.1% 2.7% 3.8%
U.S. 4.3% 3.6% (0.6)%
-------------------------------------------------------------------------
(3) Includes sales at Franchised and Company-operated locations. As of
September 27th, 2009, 99.4% of the Company's restaurants in Canada
and 99.1% of its U.S. restaurants were franchised.
Highlights
----------
- Same-store sales increased 3.1% in Canada and 4.3% in the U.S.
- Quarterly results incorporate costs and discrete tax item impacts
arising from the Canadian public company reorganization
- Operating income increased 5.4% to $129.2 million
- Adjusted operating income(1), which excludes impact of the public
company reorganization, was up 8.0%
>>
The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try,
click here for a free 30 day trial subscription. |
Top
Print this Page