Tim Hortons plans to open more than 1,500 of its coffee-and-doughnut shops in China over the next decade.
Comparable Sales Increased 10.9%, Adjusted EBITDA Increased 18.4%, Adjusted Net Income Increased 22.2%. "We are extremely pleased to have started the year on an exceptional note with double digit growth in both comparable sales and adjusted EBITDA. Our strong first quarter results, once again illustrate the effectiveness of our powerful business model, as we continue to delight our customers with beautiful, high quality products and an aspirational shopping experience both online and in stores." said Brian Hill, Aritzia's Founder and Chief Executive Officer. Mr. Hill added, "Looking ahead, we remain focused on executing our key strategic growth initiatives including accelerating our eCommerce growth, enhancing our store network, and strengthening our infrastructure while delivering product that our customer wants. We continue to build our world-class team and remain on track and confident in our ability to achieve or exceed our long term performance targets."
The Canadian retail stocks we have identified today operate with an average EBITDA margin of 16.4%, outperforming their peers, which average 9.5%.
Tim Hortons also plans to trial two more changes: a kids menu and a loyalty program.
Ikea Canada is recalling its LURVIG water dispenser for pets due to a risk of suffocation. The company received reports that two dogs got their heads stuck in the dispenser's dome and suffocated.