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Tim Hortons to add 500 Canadian locations by 2018, grow internationally

OAKVILLE, Ont. - Tim Hortons (TSX:THI) says it sees "significant room for growth" in its core Canadian business, the country's largest chain of quick service restaurants.

The company says it expects to add 500 locations in this country and 300 in the United States by 2018.

It also says it has had initial success in the Persian Gulf region and has a roadmap for adding about 220 locations in that area over the same period.

Tim Hortons released the information ahead of an investor event, where the restaurant chain will provide more details of its long-term strategy.

It says it expects to add between 215 and 255 restaurants in total this year, including between 140 and 160 in Canada.

At the end of last year, Tim Hortons had 3,588 restaurants in its Canadian system, 859 in the United States and 38 in the Gulf region.

The Canadian Press

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