Money Expect to pay more for your Timmies, says analyst

16:23  12 january  2018
16:23  12 january  2018 Source:   thestar.com

Patrons boycott Tim's over employee treatment

  Patrons boycott Tim's over employee treatment Patrons boycott Tim's over employee treatment"No one has ever seen me without a Tim Hortons cup in my hand," said the in-house trade union counsel.

Tim Hortons franchises will eventually be allowed to raise prices to offset minimum wage hike, say BMO Capital Markets analyst . At least one analyst believes Tim Hortons customers will ultimately pay more for their double-doubles after a backlash sparked by cuts to employee benefits by some

Expect to pay more for your Timmies , says analyst . “The reality is that the franchisor is not exerting significant control over their franchisees,” counters Ryan Eickmeier, Vice President of Government Relations & Public Policy for the Canadian Franchise Association.

What to watch next
  • a blurry image of a street: Oil tanker ablaze off Chinese coast

    Oil tanker ablaze off Chinese coast

    CBC Logo
    CBC
    0:46
  • person wearing a hat: Manitoba's booming film industry at risk from end of tax credit

    Manitoba's booming film industry at risk from end of tax credit

    CBC Logo
    CBC
    2:10
  • a close up of text on a white background: Fire and Fury: Trump calls it 'fiction' but author Michael Wolff isn’t backing down

    Fire and Fury: Trump calls it 'fiction' but author Michael Wolff isn’t backing down

    CBC Logo
    CBC
    4:00
  • a man sitting in a room: Trudeau meeting with former hostage Joshua Boyle raises questions | Sunday Scrum

    Watch: Trudeau meeting with Joshua Boyle raises questions

    CBC Logo
    CBC
    6:37
  • a man wearing a uniform: Alex Trebek reassures fans on his health in video statement

    Alex Trebek reassures fans on his health in video statement

    CBC Logo
    CBC
    0:32
  • a woman walking down a street: Atlantic Canada slammed by 'bomb cyclone'

    Atlantic Canada slammed by 'bomb cyclone'

    CBC Logo
    CBC
    1:18
  • a person on the machine: The role of medically assisted dying in organ donation

    The role of medically assisted dying in organ donation

    CBC Logo
    CBC
    4:07
  • Asylum seeker awaits passage into Canada | Behind The Lens

    Asylum seeker awaits passage into Canada | Behind The Lens

    CBC Logo
    CBC
    1:10
  • a man wearing a hat: Rare weather bomb bears down on the U.S.

    Rare weather bomb bears down on the U.S.

    CBC Logo
    CBC
    4:08
  • a man sitting in front of a window: Why did Justin Trudeau meet with Joshua Boyle?

    Why did Justin Trudeau meet with Joshua Boyle?

    CBC Logo
    CBC
    2:04
  • a man with his mouth open: Trump insults Bannon in Twitter tirade

    Trump insults Bannon in Twitter tirade

    CBC Logo
    CBC
    1:59
  • a person with collar shirt: Officers charged in inmate's death

    Officers charged in inmate's death

    CBC Logo
    CBC
    1:50
  • Brain injury victim communicates for first time in 21 years

    Brain injury victim communicates for first time in 21 years

    CBC Logo
    CBC
    1:54
  • Ali Khamenei wearing a hat and glasses: Iran's leader: enemies to blame for violence

    Iran's leader: enemies to blame for violence

    CBC Logo
    CBC
    5:09
  • St. Francis Xavier's severed forearm to tour Canada

    St. Francis Xavier's severed forearm to tour Canada

    CBC Logo
    CBC
    3:15
  • a man looking at the camera: Joshua Boyle arrested, facing criminal charges

    Joshua Boyle arrested, facing criminal charges

    CBC Logo
    CBC
    2:48
UP NEXT
UP NEXT

Video by CBC

'Too little, too late': Sears a cautionary tale for other retailers

  'Too little, too late': Sears a cautionary tale for other retailers The closure of Sears stores in Ottawa and across the country on Monday is a reminder that the company didn't adapt at a quick enough pace to the shifting retail landscape, according to one retail analyst. define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = "PRMQAP"; var config = {}; config.indexdetailsurl = "/en-ca/money/indexdetails"; config.stockdetailsurl = "/en-ca/money/stockdetails"; config.funddetailsurl = "/en-ca/money/funddetails"; config.etfdetailsurl = "/en-ca/money/etfdetails"; config.recentquotesurl = "/en-ca/money/getrecentquotes"; config.

Expect to pay more for your Timmies , says analyst . Timmies , the ex-franchisee continues, was a signature smooth taste, in his view, developed and supplied by Mother Parkers back when Tim Horton was playing for the Leafs.

Expect to pay more for your Timmies , says analyst . Tim Hortons locations hit by protests over wage clawbacks. Opinion | Edward Keenan: Timmies ’ warm-and-fuzzy brand identity becomes faded and torn.

Popular Searches

BlackRock Inc

BLK

Tims customers fight cutbacks at rallies

  Tims customers fight cutbacks at rallies TORONTO - Protesters who rallied outside Tim Hortons locations across Ontario on Wednesday roasted some franchisees for slashing workers' benefits and breaks in an effort to compensate for the province's minimum wage hike, but many said their gripes would not derail their daily coffee runs. Those who gathered said they were worried staff would be negatively impacted if they boycotted to spite the small handful of franchisees — not necessarily the 16 locations that were targeted — who demanded workers cover a larger share of their dental and health-care benefits and take unpaid breaks to offset the 20 per cent raise to $14 an hour.

Expect to pay more for your Timmies , says analyst | Toronto Star. Tim Hortons franchises will eventually be allowed to raise prices to offset minimum wage hike, say BMO Capital Markets analyst . thestar.com.

Analyst Interviews. Full Episodes. Shows. Many tax refund recipients plan to put that money to work. About a third of taxpayers getting a refund expect to save or invest the money, while nearly 3 in 10 will pay down debt, according to Bankrate.com .

537.92
+6.35
+1.19%
Mitsubishi Corp

MSBHF

25.40
+0.40
+1.60%

At least one analyst believes Tim Hortons customers will ultimately pay more for their double-doubles after a backlash sparked by cuts to employee benefits by some franchise owners linked to the increase in Ontario’s minimum wage.

“We believe that [Tim Hortons’ parent Restaurant Brands International Inc.] will eventually allow some menu price increases and franchisees will make adjustments,” Peter Sklar, retailing analyst at BMO Capital Markets, said in a note to investors Thursday.

He said stock in Restaurant Brands International (RBI) has come under pressure due to negative media reports related to cost control steps by franchisees, including cutting employee hours, eliminating paid breaks and reducing the subsidy of employee benefits.

“These measures have been perceived negatively by the press, with the media painting the franchisees as villains, and the Ontario government referring to certain franchisees as ‘bullies,’” Sklar wrote in his note.

NBC Sports analyst Pierre McGuire diagnosed with prostate cancer

  NBC Sports analyst Pierre McGuire diagnosed with prostate cancer Photo by Scott Audette/NHLI via Getty Images ***ImagePlaceholder*** https://cdn.vox-cdn.com/thumbor/9d1i9xeJtgmT_2gUvFpHLr6EgKs=/0x0:3000x2000/1310x873/cdn.vox-cdn.com/uploads/chorus_image/image/58288287/465186002.jpg.0.jpg Photo by Scott Audette/NHLI via Getty Images NBC Sports analyst Pierre McGuire underwent surgery to remove his prostate last week after being diagnosed with prostate cancer. The longtime broadcaster announced the news on TSN 690 in Montreal on Wednesday and said he feels “fantastic” after a successful procedure.“I had no signs at all that I was ill,” McGuire said. ”My work habits hadn’t changed, my workout habits hadn’t changed.

Hi Tim , I have passed the map analyst exam and the last one they sent me somethings as the tasks but not really according to the update guideline and I had done with their paid 60$ for 5 hours It was just what I was looking for. Can anyone tell me how much one can expect to make, say , per week?

Apple Inc. said it expects to pay about billion in taxes for repatriated overseas cash as a consequence of the new U.S. law. For more on Apple, check out the Decrypted podcast

There has also been a social media movement to boycott some Tim Hortons franchises.

“While the direct impact on profitability is at the franchisee level and should not impact RBI's corporate results (as royalties are based on revenue, not profits), there are still two potential negatives related to the minimum wage increase and resultant public backlash,” he wrote.

The move by some Tim Hortons franchise owners to cut employee hours, eliminate paid breaks and reduce employee benefits after Ontario raised its minimum wage has sparked a public backlash.© Steve Russell The move by some Tim Hortons franchise owners to cut employee hours, eliminate paid breaks and reduce employee benefits after Ontario raised its minimum wage has sparked a public backlash.

“First, as franchisees have reduced employee hours, there may be longer lines in (Tim Hortons) stores, resulting in weaker financial results. Second, if Canadians are sympathetic to the TH employees and the consumer boycott is meaningful and sustained, it could also impact sales.”

On Jan. 1 the minimum wage in Ontario increased to $14 per hour from $11.60, a 21-per-cent jump, which along with other labour law changes, will cost the average franchise owner more than $200,000 per year, the Great White North Franchisee Association estimates. The association was formed in 2017 to combat what it calls mismanagement by Tim Hortons corporate parents.

RBI, which is majority owned by Brazilian investment company 3G Capital, controls the Tim Hortons menu board and pricing, and some members of the association, a group RBI calls “rogue” and unsanctioned, have reportedly resorted to cost control measures targetting employees.

A spokesperson for the association said it now represents 60 per cent of Tim Hortons franchise owners across the country and has had no indication that RBI will allow menu price increases. She said the association also wants RBI to lower prices for food and other materials it supplies to the outlets.

An analysis by Bloomberg Intelligence said RBI, focused on controlling franchise costs, is unlikely to allow any price increase until lawsuits filed by franchise owners against corporate owners relating to pricing and other issues are resolved.

A spokesperson for RBI, which also controls Burger King and Popeye’s Louisiana Kitchen, did not immediately respond to a request for comment.

The iPhone X just extended Apple’s lead over Samsung .
In the run-up to the iPhone X launch, all the analyst chatter revolved around one topic: How big of a success the iPhone X would be. Although we won’t have any conclusive answers until Apple releases its Q4 earnings data, a new set of insights from CIRP, which measures new device activations, suggests that the iPhone X has been a runaway success for Apple.

Source: http://ca.pressfrom.com/news/money/-59558-expect-to-pay-more-for-your-timmies-says-analyst/

—   Share news in the SOC. Networks

Topical videos:

This is interesting!