Tim Hortons Shifts to Canadian Suppliers Amid US Tariff Threats
Facing potential tariffs on U.S. imports, Tim Hortons is shifting to Canadian suppliers for certain goods, including some packaging, to mitigate cost increases for its franchisees. This initiative complements ongoing efforts to boost franchisee profitability, which includes menu innovations, service improvements, and streamlining operations. These strategies contributed to a nearly 9% increase in average Canadian restaurant EBITDA in 2024, reaching $305,000. Restaurant Brands International, Tim Hortons’ parent company, also reported strong overall revenue growth, exceeding analyst expectations.
John Q. Hosedrinker