Tim Hortons restaurants are getting smaller

Jos Cil, CEO of Tim Hortons parent company Restaurant Brands International, said on an earnings call on Tuesday that new Tim Hortons restaurants in the U.S. are “benefiting from a smaller footprint” and “time faster construction.

The new restaurants also have an “optimized menu” that focuses on “beverages, baked goods and hot breakfast sandwiches, all leading to a more compelling unit economy,” Cil said, adding, “We we are seeing encouraging results from these formats”.

Other chains, including Wingstop, Smashburger and Burger King, have redesigned their restaurants as more customers order digitally, get delivery or takeout and seek convenience and speed. Some restaurants are doing away with dining rooms altogether, focusing on drive-thru and pushing customers to order without talking to staff.

Joshua Kobza, RBI’s chief operating officer, said on Tuesday’s earnings call that Tim Hortons is adding more ordering and pickup channels to its restaurant types in 2022, such as walk-in order windows. you, dedicated curbside pickup areas and drive-thru conveyor systems.

More than a third of the Canadian donut and coffee chain’s fourth-quarter sales in Canada came from digital channels, Cil said.

In total, Tim Hortons opened 342 net new restaurants in 2021, bringing its store count to 5,291. This is the highest level of unit growth since RBI acquired the brand in 2014, Cil said.

The chain also recorded its strongest restaurant growth in the United States since 2016 and is expanding into new markets. It’s opening its first store in Houston this summer, Cil said.

Tim Hortons’ annual revenue increased 19% in 2021 compared to 2020, to $3.3 billion.

Burger King, another RBI company, is also rolling out a new restaurant design it calls the restaurant of tomorrow, featuring three drive-thru lanes, food lockers to keep advance orders warm, and conveyor belts. who deliver food to customers’ cars.

Nearly 30% of Burger King restaurants in the United States have now been updated with the new technology as well as the chain’s new branding unveiled last year, said Tom Curtis, president of Burger King US and Canada. , during Tuesday’s earnings call.

“The path to a fully modernized restaurant fleet is a key part of our longer-term plan, and we are committed to doing what we need to, including investing in both the brand and its physical assets, to get there,” Curtis says.

Source link

About Raul T. Casey

Check Also

Top 5 Most Popular Fried Chicken Restaurants in Madison, Wisconsin | restaurant review

This list is based on feedback from previous customers. Unsplash Scots and Africans started living …