Tim Hortons’ profits dipped slightly in the last quarter due to costs associated with its merger talks with Burger King but there could be another issue squeezing profits in the coming months.
Tim Hortons’ profits dipped slightly in the last quarter due to costs associated with its merger talks with Burger King but there could be another issue squeezing profits in the coming months. The price of coffee beans has doubled recently with concerns over lower supplies from Brazil next year due to low rainfall. The firm may be able to absorb some of the additional costs but CFO Cynthia Devine has hinted that there may be a price rise in stores next year.
