Tim Hortons 2014 Financial Statement Analysis

In: Business and Management

Submitted By nikhil07
Words 6016
Pages 25
Tim Hortons
Financial Statement Analysis Summative

Table of Contents
Introduction 3
Company Profile 5
C.E.O/Chairman Report Analysis 8
Financial Analysis 10 Comparative Analysis 10 Ratio Analysis 14 Stock Market Analysis 18
Report to Management 19
Memos 22

Introduction
Canadians are known to love their hockey, maple syrup, poutine, and of course, Tim Hortons. Tim Hortons is a one-stop shop for fresh donuts and delicious coffee that our fellow Canadians love. Tim Hortons is Canada’s largest quick service restaurant chain with 3,665 restaurants in Canada and 869 in the United States. It was founded on May 17, 1964 in Hamilton, Ontario by a Canadian hockey player named Tim Horton and Jim Charade. Tim Hortons’ headquarters are located in Oakville, Ontario but they also serve customers in Ireland, United Arab Emirates, and the United Kingdom. In 1967, Horton partnered with investor Ron Joyce who controlled operations after Horton’s death in 1974. Joyce expanded the chain into a multi-million dollar franchise and Charade left the organization in 1966. Tim Hortons’ franchises increased promptly and eventually beat McDonald’s as Canada’s largest food service operator. Tim Hortons holds 76% of Canada’s baked good market and 62% of the Canadian coffee market followed by Starbucks at 7%. In 1992, the owner of all Tim Hortons and Wendy’s restaurants in Prince Edward Island, Daniel P. Murphy, decided to merge the two restaurants into one building. Murphy’s success with combining the two restaurants led to the acquisition of and merger with TDL Group by Wendy’s International in 1995. Ron Joyce became the largest shareholder of Wendy’s but TDL Group continued to operate as a separate subsidiary from its head office in Oakville, Canada. Wendy’s spinned-off of Tim Hortons in 2008. On…...

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