Tim Hortons pulling Cold Stone Creamery from Canadian stores

Canadian Press
Published on February 20, 2014

OAKVILLE, Ont. — Tim Hortons Inc. is pulling the Cold Stone Creamery brand from its Canadian restaurants, a move that the company says will allow franchise owners to focus on their core business.

The chain’s decision to end ice cream sales in Canada cost Tim Hortons about $19 million in the fourth quarter but will help simplify its menu, which has grown far beyond coffee and doughnuts.

Its partnership with the American dairy chain Cold Stone Creamery, which began in 2009, will continue in the U.S. Tim Hortons locations.

Prince Edward Island has two Cold Stone Creamery locations: St. Peter's Road in Charlottetown and Water Street in Summerside.

The announcement came Thursday as Tim Hortons reported it had $898.5 million of revenue during the fourth quarter, up 10.7 per cent from a year earlier, but a smaller profit than analysts were expecting.