OAKVILLE, Ont. - Tim Hortons Inc. (TSX:THI) says it earned a first-quarter profit of $90.9 million, up from $86.2 million in the same quarter last year.

The profit amounted to 66 cents per diluted share compared with 56 cents a year ago.

Revenues were up 4.8 per cent to $766.4 million compared with $731.5 million in the same quarter last year.

Analysts on average had expected a profit of 68 cents per share, according to estimates compiled by Thomson Reuters.

Same-store sales were up 1.6 per cent in Canada and 1.9 per cent in the United States.

Tim Hortons says it opened 23 restaurants in Canada and 11 in the United States in the quarter.