Tim Hortons (NYSE:THI) reported Q1 EPS of C$0.56, missing estimates of C$0.58. The company cited higher commodity costs which affected the its cost of sales for the miss. The company reported Q1 total revenues of C$721.3 million, vs. estimates of C$705.3 million. Tim Hortons also reported Q1 Canada comps rose 5.2% while US comp sales rose 8.5%. President and CEO Paul House is leaving the company, but will continue his role until early December 2013, or until the appointment of a new CEO whichever comes first.
