We are one of the largest publicly-traded restaurant chains
in North America based on market capitalization,
and the largest in Canada.
Company Profile
The first Tim Hortons opened in May 1964 in Hamilton, Ontario, and since then, we have become one of the largest publicly-traded restaurant chains in North America based on market capitalization, and the largest in Canada.
Operating in the quick service segment of the restaurant industry, Tim Hortons appeals to a broad range of consumer tastes, with a menu that includes premium coffee, espresso-based beverages, specialty teas, home-style soups, fresh sandwiches, grilled paninis, wraps, hot breakfast sandwiches and fresh baked goods, including our trademark donuts.
As of December 30th, 2012, we had 4,264 systemwide restaurants, including 3,436 in Canada, 804 in the United States and 24 in the Gulf Cooperation Council.
Our common shares are traded on both the Toronto and New York Stock Exchanges under the symbol “THI.” Our head office is located in Oakville, Ontario, Canada. Further details about our unique business model can be found
here and additional Company information can be found in our
2012 Annual Report on Form 10-K.
OUR UNIQUE BUSINESS
The Tim Hortons business model is time-tested and different
from that of most quick service restaurant companies.
This model has helped create a 49-year history of
growth and performance.
The Tim Hortons business model includes significant levels of real estate control and vertical integration, supporting our highly franchised business. We believe that each aspect of our model contributes to our success and creates system advantages, while also generating system benefits and value for our Restaurant Owners.
Our Restaurant Owners are the heart of our system. We believe the quality, commitment and engagement of our Restaurant Owners set us apart from other corporate and franchised systems. Virtually all of our system is franchised (more than 99%) except for a very small number of corporately-run restaurants used primarily for training purposes. We work collaboratively with our Restaurant Owners to collectively grow our system, and we work hard to foster positive relationships and mutual success.
Our Restaurant Owners typically operate an average of three to four restaurants and have a significant stake in the success of the restaurants they operate. We maintain a controlling interest in the real estate in our restaurant system to ensure brand integrity and control of development. We operate with a “we fit anywhere” concept that allows us to adapt our brand presence to take advantage of non-traditional development opportunities.
Further details about our unique business model can be found in our
2012 Annual Report on Form 10-K.
OUR VALUE CHAIN
We currently operate five distribution centres located across Canada (Langley, BC; Calgary, AB; Guelph, ON; Kingston, ON; Debert, NS) that supply various combinations of dry, frozen and refrigerated products to our restaurants. In the U.S., we supply similar products to our restaurants through third-party distributors. Our operations also include coffee-roasting plants in Rochester, NY, and Hamilton, ON, as well as a fondant and fills manufacturing facility in Oakville, ON.
Further details about our unique business model can be found in our
2012 Annual Report on Form 10-K.
AWARDS
Our Company won the following awards in 2012:
Corporate Innovation
- 2012 Sheridan College Big Picture Award
Corporate Reporting
- 2012 International ARC Award – Silver for the PDF version of Annual Report: Sustainability Report
- 2012 International ARC Award – Honors for the Annual Report with Form 10-K: Restaurants
- 2012 Gold MARCOM Award – Design (Print) annual report
- 2012 Gold MARCOM Award – E-Annual report
Corporate Sustainability
- 2012 Employer of the Year for Smart Commute Halton
Corporate Brand
- 2012 Harris/Decima EquiTrend® Brand of the Year
QSR Industry Awards
- 2012 Zagat – No. 5 Best Quick-Refreshment Chain
- 2012 Zagat – No. 5 Best Service
- 2012 Zagat – No. 5 Best Décor
ASSOCIATIONS
Our Company was a member of the following industry associations during 2012:
Government and Corporate Affairs
- Canadian Chamber of Commerce
- Canadian Council for Aboriginal Business (CCAB) – Board Member
- Canadian Franchise Association (CFA)
- Canadian Restaurant and Food Association (CRFA) – Board Member
- National Restaurant Association (NRA) – U.S.
- Ontario Restaurant and Hotel Motel Association (ORHMA)
- Local Chambers of Commerce (Brantford, Guelph, Hamilton, Kingston and Oakville)
- Arctic Children and Youth Foundation
- BCRFA (British Columbia Restaurant Foodservices Association)
- Ohio Restaurant Association
Human Resources
- Women in Foodservice Forum (WFF) – Canadian Chapter
Supply Chain
- Private Motor Truck Council (PMTC)
- Supply Chain & Logistics Association Canada (SCL)
- National Farm Animal Care Council
- Farm & Food Care Ontario
- Coalition for Sustainable Animal Agriculture
Research and Development
- Baking Association of Canada
Sustainability and Responsibility
- Network for Business Sustainability – Leadership Council Member
Environmental Affairs
- The Packaging Association (pac)
- pac NEXT
- Foodservice Packaging Institute’s Paper Recovery Alliance
- Stewardship Ontario
Brand
- Interactive Advertising Bureau
- Advertising Standards Canada
- Association of Canadian Advertisers