Restaurant Brands International, Inc. held a Q4 earnings call this week, and Tim Horton’s revealed surprisingly strong US same store sales – +3.6% for the quarter and +4.9% on the year – stronger than Dunkin’ and close to that of Starbucks, albeit on a very small geographic base. RBI does not break out ticket and check, but were pleased with new SDAs signed in Cincinnati, Columbus, Indianapolis, and Minneapolis. They also called out the presence of larger, freestanding units. Fortunately, the US Tim’s count only grew 33 units in 2016 (26 alone in Q4) to 683. They do not disclose store AUVs or profitability. We also noted that that now privately-owned Krispy Kreme is opening a new kitchen facility in Jersey City, New Jersey to facilitate the brands planned expansion into the northeast. The new Krispy Kreme Factory, which will have a 65,000 donut capacity, will be downtown and allow customers to watch donuts made in real time.