Tim Hortons Inc. is a quick service restaurant chain. The Company’s offerings include a range of consumer tastes, with a menu that includes coffee, flavoured cappuccinos, specialty teas, home-style soups, fresh sandwiches and fresh baked goods, including its donuts. As of December 28, 2008, franchisees, including operators, operated 99% of its systemwide restaurants. The Company directly owns and operates (without franchisees) only a small number of restaurants in Canada and the United States. It also has warehouse and distribution operations that supply paper and dry goods to its Canadian restaurants, and supply frozen baked goods and some refrigerated products to most of its Ontario restaurants. In the United States, the Company supplies products to system restaurants through third-party distributors. Its operations also include a coffee roasting plant, a joint-venture bakery, and a fondant and fills manufacturing facility.
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