Tim Hortons

This article is about the coffeehouse chain. For the ice hockey player who co-founded the chain, see Tim Horton.

Tim Hortons Inc.
FormerlyTim Horton Donuts
Tim Donuts Limited
The TDL Group
Company typeSubsidiary
IndustryRestaurants[1]
FoundedMay 17, 1964; 60 years ago (1964-05-17)
Hamilton, Ontario, Canada[2]
Founders
HeadquartersToronto, Ontario, Canada
Number of locations
5,701 restaurants (September 30, 2023)
Areas served
List
    • Andorra
    • Bahrain
    • Canada
    • China
    • Egypt
    • India
    • Kuwait
    • Malaysia
    • Mexico
    • Oman
    • Pakistan
    • Panama
    • Philippines
    • Qatar
    • Saudi Arabia
    • Singapore
    • South Korea
    • Spain
    • Thailand
    • United Arab Emirates
    • United Kingdom
    • United States (select areas)
Key people
J. Patrick Doyle (Executive Chairman, RBI)
Joshua Kobza (CEO, RBI)
Axel Schwan (President, Tim Hortons Canada & U.S.)
Products
RevenueIncrease US$3.972 billion total revenues (2023)
Increase US$7.245 billion system-wide sales (2023)[3][4]
Increase US$ 958 million (2023)[5]
Total assetsIncrease US$ 13.99 billion (2021)[6][7]
ParentWendy's (1995–2006)
Restaurant Brands International (2014–present)
WebsiteTimHortons.com
Footnotes / references
[6][7]

Tim Hortons Inc., known colloquially as Tim's, Timmies, or Timmy's, is a Canadian multinational coffeehouse and restaurant chain with headquarters in Toronto; it serves coffee, donuts, sandwiches, breakfast egg muffins and other fast-food items.[8][9] It is Canada's largest quick-service restaurant chain, with 5,701 restaurants in 13 countries, as of September 2023.[10][11]

The company was founded in 1964 in Hamilton, Ontario by Canadian ice hockey player Tim Horton (1930–1974) and Jim Charade (1934–2009),[12] after an initial venture in hamburger restaurants.[13][14] In 1967, Horton partnered with investor Ron Joyce, who assumed control over operations after Horton died in 1974. Joyce expanded the chain into a multi-billion dollar franchise. Charade left the organization in 1966 and briefly returned in 1970 and 1993 through 1996.

On August 26, 2014, Burger King agreed to merge with Tim Hortons for US$11.4 billion.[15] The two chains became subsidiaries of Toronto-based holding company Restaurant Brands International on December 15, 2014.[16]

  1. ^ "Tim Hortons Inc. – Company Overview". Hoover's. Archived from the original on October 17, 2006.
  2. ^ "Tim Hortons asking which menu item should return in 'Bring It Back' campaign". CTV.ca. March 28, 2014. Retrieved March 29, 2014.
  3. ^ "Restaurant Brands International Inc. Reports Full Year and Fourth Quarter 2023 Results". Retrieved March 24, 2024.
  4. ^ "RESTAURANT BRANDS INTERNATIONAL INC. Form 10-K For the fiscal year ended December 31, 2023". UNITED STATES SECURITIES AND EXCHANGE COMMISSION. February 22, 2024. Retrieved September 1, 2024.
  5. ^ "Restaurant Brands International Inc. Reports Full Year and Fourth Quarter 2023 Results". Retrieved March 24, 2024.
  6. ^ a b "2021 Annual Report (Form 10-K)". Restaurant Brands International. February 23, 2022. Retrieved September 8, 2022 – via SEC.
  7. ^ a b "Restaurant Brands International Inc. Reports Full Year and Fourth Quarter 2021 Results". Restaurant Brands International IR. February 15, 2022. Retrieved September 8, 2022.
  8. ^ Sophia Harris (January 10, 2018). "'Greed is not OK': Backlash grows against Tim Hortons worker benefit cuts". CBC News.
  9. ^ "Menu". Tim Hortons. Retrieved December 24, 2023.
  10. ^ "Restaurant Brands International Inc. Reports Third Quarter 2023 Results". Restaurant Brands International. November 3, 2023. Retrieved December 20, 2023.
  11. ^ "Tim Hortons® Franchising – International". Tim Hortons International Franchising. Retrieved December 20, 2023.
  12. ^ Penfold, Steven (August 22, 2020). The Donut: A Canadian History. University of Toronto Press. p. 53. ISBN 9780802097972. Retrieved August 24, 2020.
  13. ^ "The Story of Tim Hortons". Tim Hortons. Archived from the original on May 30, 2008. Retrieved July 12, 2008.
  14. ^ Cite error: The named reference charade was invoked but never defined (see the help page).
  15. ^ Austen, Michael J. de la Merced and Ian (August 26, 2014). "Global Web of Financial Connections in Burger King's Deal for Tim Hortons".
  16. ^ "3G Capital - Restaurant Brands International". www.3g-capital.com. October 22, 2019. Archived from the original on February 6, 2015.