The company that owns Tim Hortons, Popeyes, Burger King and other eateries on Wednesday posted lower profits, raised prices for some products at Tim Hortons, and announced plans to expand its ubiquitous coffee and doughnuts chain into Spain. Sales increased at Burger King, but declined at Popeyes and Tim Hortons during the quarter compared to last year. CEO Daniel Schwartz took note of the efforts of all RBI franchisees as the company reported its second-quarter financial results. The chain announced it has entered into a joint venture agreement to bring Tim Hortons to Spain in the current fiscal year. Since acquiring Tim Hortons, RBI has made similar deals to bring the Canadian brand to Mexico, Great Britain and the Philippines.

Source: CBC News August 02, 2017 13:26 UTC