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Tim Hortons owner Restaurant Brands International makes aggressive U.S. expansion of coffee chain a priority

Comparable sales - sales at established stores - at Tim Hortons rose 6.3 per cent in the fourth quarter, excluding currency impact, helped by strong demand for products such as Nutella pockets and grilled wraps.

TORONTO – After a strong 2015, Restaurant Brands International says it’s prepared to grow Tim Hortons aggressively in the usa this year, something the company continues to be planning to do since its inception.

“The (U.S.) may be the world’s largest quick-service restaurant market and that we only have 600 Tim Hortons, and we are really looking forward to the pace of future growth in the U.S.,” chief executive officer Daniel Schwartz said within an interview Tuesday because the company released full year and fourth-quarter results that topped analysts’ expectations.

It marked the very first twelve month of financial results because the $12.5-billion merger of Mcdonalds and Tim Hortons formed Restaurant Brands International in late 2014. At the time, Tim Hortons’ potential to expand within the U.S. and globally was cited as a main factor behind the merger by Restaurant Brands’ majority owner, Brazilian private equity firm 3G Capital.

Store expansion is a key priority if Tim Hortons would be to grow its business within the U.S. within the year ahead

“Store expansion is a key priority if Tim Hortons would be to grow its business in the U.S. within the year ahead,” Neil Saunders, chief executive of recent York-based research firm Conlumino, said Tuesday.

But in fiscal 2015, Restaurant Brands opened just 13 net new Tim Hortons stores within the U.S.

While guest traffic and overall roi grew for U.S. Tim’s franchisees in 2015, the network still had some laggards to get rid of, a legacy of middling expansion efforts underneath the company’s prior ownership. Restaurant brands closed 27 underperforming Tim Hortons in Portland and Syracuse within the fourth quarter.

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