![]() Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account CNN Business’s Danielle Wiener-Bronner contributed to this report. The stock was up nearly 4% in early trading. The company’s total fourth quarter revenue rose to $1.55 billion - up from $1.36 billion a year earlier. (QSR) owns Burger King, Tim Hortons, Popeyes. Other chains copied the trend, including Tim Hortons’ sister brand Burger King where sales in the US rose 2% in the fourth quarter. (MCD) jump-started the celebrity meal trend in 2020 and it became a boon for the brand. The Canadian singer said that “doing a Tim Hortons collab has always been a dream of mine,” when the partnership launched, adding that he “grew up” eating at the chain. “You can expect to see more from this exciting partnership in the year ahead.” “I’m a Belieber,” he added, using the term coined by Bieber’s fans. The collaboration led to “unprecedented social engagement and increased appeal with younger guests,” said Cil. The Timbiebs promotion “was one of the more successful traffic-driving initiatives in recent memory and outperformed our internal expectations,” said RBI CEO Jose Cil during a Tuesday analyst call discussing the company’s financial results. It has also been working to improve its core menu, upgrade its loyalty program and enhance its digital strategy.Ī limited-time donut hole line, called “Timbiebs Timbits” collection consisted of three donut flavors that was created by Bieber, including chocolate white fudge, sour cream chocolate chip, and birthday cake waffle, as well as branded merch. It needed the starpower because sales have been sagging at the chain because people were working from home and disrupted people’s pre-pandemic behavior of stopping by the coffee chain for breakfast. In November 2021, Tim Hortons jumped on the celebrity meal bandwagon to help boost its bottom line. That reversed a 11% decline for the same quarter a year ago. The coffee chain’s parent company, Restaurant Brands International, reported that sales rose 10.3% at stores open at least a year in the fourth quarter of 2021. Tim Hortons is singing Justin Bieber’s praises Tuesday because his line of donuts just turned around the Canadian restaurant’s fortunes.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |