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article imageTim Hortons to open 800 restaurants under new strategy

    Feb 25, 2014 in Business

TORONTO (Reuters) - Tim Hortons Inc <THI.TO>, the Canadian coffee and doughnut chain, said on Tuesday it will open 800 stores in North America and the Middle East, and targeted earnings per share growth of 11 percent to 13 percent between 2015 and 2018 under its new strategic plan.

Tim Hortons, facing mounting competition from such rivals as Starbucks Corp <SBUX.O> and McDonald's Corp <MCD.N>, also said it will target cumulative free cash of about C$2 billion ($1.81 billion).

(Reporting by Susan Taylor; Editing by Jeffrey Benkoe)

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