5 Largest Coffee Companies in the World in 2021

3. Tim Hortons; Owned by Restaurant Brands International Inc. (NYSE: QSR)

This Canadian coffee company was founded in 1964 and has over 4,949 outlets spread over 14 countries. Though the company started with just coffee and doughnuts, it now has expanded its menu to a wide range of beverages, soups, sandwiches, etc. Tim Hortons is the customers’ first choice as a more affordable company than Starbucks Corporation (NASDAQ: SBUX). The company also suffered the adverse effects of the pandemic. The official reports stated weaker Q1 results, with its comparable-store sales declining by 2.3% due to Covid-19 restrictions. However, it is clawing back by modernizing its drive-thru experience and improving the core menu to win over the customers. In 2020, its revenue stood at $2.81 billion. The coffee chain is the subsidiary of Restaurant Brands International Inc. (NYSE: QSR).

Tim Hortons

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