Yeah, Wendy's has always trumped BK for the Second Place Fast Food Burger chain here in Freddy. Subway actually trumps McD's in the Fast Food Chain wars in general (I think there are as many Subways as Tim's here come to think of it).
I wonder if this deal is a Hail Mary play by BK in general. It gives them a boost in publicity in Canada, a country they seem to be declining big time in, and probably helps them more than it helps or hurts Tims. BK is technically acquiring a company that is more successful than it by just about all criteria. Tim's makes more per store, and makes three times as much as BK does with 1/3rd of the stores. (According to the article below)
Some Stats on the deal
Quote:
Tim Hortons are plastered all across Canada—there are more than 3,100 coffee shops in the country, or more than twice as many stores per capita as there are McDonald's in the United States.
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The company reported revenues of $3.26 billion last year (pdf), or nearly three times that of Burger King. What's more, Tim Hortons churned out those sales with just under 4,500 locations worldwide, while Burger King has more than 13,000 restaurants around the globe. The Canadian coffee shop's efficiency is such that it outsold Dunkin' Donuts by a factor of almost eleven to one on a per-store basis.
But it's not just a volume business. The stores are turning a healthy profit, too. The company earned nearly $430 million last year after taxes, which is almost twice what Burger King earned, and more than three times Dunkin' Donuts.
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Really, in that light it looks more like the companies decided to combine as equals, or at least they are phrasing it as BK buying Tim's, when Tim's seems to be getting the King, but they want to keep BK's international presence or something.