On February 20th, 2014 Tim Horton's reported earnings for their 4th quarter. Some of the results of the forth quarter are as follows:
- net income of $100.6 million, or $0.69 a share which is up from 0.3 % from the year earlier quarter.
- below analysts estimates of by $0.07 a share
- Revenue increases 10% to $898 million for the 3 months ending Dec 31, 2013.
- For the full year, net income was up 5 percent to $424 million with revenue of $3.3 billion, an increase of 4%.
Under pressure in recent quarters to return value to their shareholders, Tim Horton's has boosted its payout by 23% to an annual dividend of $1.28 a share. The increase has $24.00 to my annual dividend income as I own 100 shares.
Tim Horton's is planning on making changes as they try to compete with the major coffee competitors. They changes should start to be announced in the near future.
Disclosure : Long THI
My shares were bought on the TSX in Canada