Tim Hortons carried the day at Wendy's International Inc. — again in the fourth quarter — as consumers on both sides of the border ate more doughnuts and fewer hamburgers.
He announced that Tim's sales had increased by 19 per cent over the year to $1.2 billion US, giving Wendy's a profit of $29.96 million US (or 25 cents a share).
That was a vast improvement over Wendy's loss of $141.4 million US in the same period last year.