on Feb. 14 while reporting new financial data that showed the company’s net income increased 18 per cent in 2022, to US$1.5 billion.We deliver the local news you need in these turbulent times on weekdays at 3 p.m.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
A spokesperson for RBI said there was no connection between the news disclosures and a decision by a group of franchisees to go public with complaints over cost increases for inputs such as coffee and sandwich ingredients that they are forced to purchase from head office. The Alliance of Canadian Franchisees told select news outlets last week that its members’creating some drama ahead of the RBI’s quarterly earnings update.
The Alliance of Canadian Franchisees has been trading barbs with RBI in the media since last week, after leadership at the franchisee association decided that meetings with executives at the company didn’t “get anybody anywhere,” according to executive director Dave Lush. So Lush gave interviews to the Financial Post and the Globe and Mail, complaining about the costs that RBI was forcing onto franchisees.
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