Money Don’t Boycott Tim Hortons — Boycott its Stock

07:30  12 january  2018
07:30  12 january  2018 Source:   The Motley Fool

U.S. figure skating execs warn against American boycott of Olympics

  U.S. figure skating execs warn against American boycott of Olympics Two executives for U.S. Figure Skating warned against any potential American boycott of the Olympics in Pyeongchang. USFS President Sam Auxier, asked Wednesday about Sen. Lindsey Graham's comments that North Korea competing in next month's games should prompt a U.S. team boycott, said Graham and others "need to be careful" about the American team not participating. Auxier added, "They shouldn't be playing politics with this.

Investors ought to forget about boycotting Tim Hortons , owned by franchisor Restaurant Brands International Inc. (USA) (NYSE:QSR). Boycott its stock instead.

If Tim Hortons doesn’ t want Canadian oil money, let’s not give it to them. Boycott Tims . And the moment they caved in: Sign the petition! We the undersigned Canadians demand that Tim Hortons rescind its anti-oilsands boycott .

a cup of coffee on a table© Provided by Fool

The messy situation surrounding Tim Hortons and the minimum wage continues to get worse, which isn’t good news for owners of Restaurant Brands International Inc. (TSX:QSR)(NYSE:QSR) stock.

Popular Searches

Tribune Media Co

TRCO

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.

Boycotts and pickets are some of the responses to Tim Hortons franchisees stripping paid breaks and benefits to their workers. Photos via Wikipedia and the author's private collection. This article originally appeared on VICE Canada.

I Promise to BOYCOTT TIM HORTON 'S if they pursue their plan to slash workers pay and benefits!!! Actualizar #1hace una hora. Tim Hortons team members should never be used to further an agenda or be treated as just an 'expense.'

43.47
+0.25
+0.58%
Apple Inc

AAPL

175.28
+0.99
+0.57%

First, it was social media boycotts like “No Timmies Tuesday” that urged loyal customers to visit independent coffee shops on January 9, forsaking their daily double-double ritual.

Now organized labour is wading into the fight, suggesting that Restaurant Brands has plenty of money to do the right thing for its franchisees’ low-paid employees.

“Head office has the means to ensure that these reprisals against workers are reversed, and we are calling on them to do so immediately,” said Pam Frache, the Ontario co-ordinator of a campaign for higher minimum wage dubbed Fight for $15 and Fairness. “And we are not going to stop, actually, until they make this happen. We need to make it right for these employees.”

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.

I Promise to BOYCOTT TIM HORTON 'S if they pursue their plan to slash workers pay and benefits!!! Update #17 uur geleden. Tim Hortons team members should never be used to further an agenda or be treated as just an 'expense.'

I Promise to BOYCOTT TIM HORTON 'S if they pursue their plan to slash workers pay and benefits!!! Mettre À Jour #1il y a 4 heures. Tim Hortons team members should never be used to further an agenda or be treated as just an 'expense.'

Restaurant Brands could end this

The finger pointing has gotten to the point where loyal customers are abstaining from their coffee or tea to protest the underhanded actions of both Tim Hortons’ franchisees and the franchisor itself — Restaurant Brands International — who has more control of the situation then its letting on.

After seeing the letter, [Niki] Lundquist went into her usual Tim Hortons in Whitby, Ont., to ask whether they made similar cutbacks,” reported TheGlobe and Mail on January 9. “She said she decided to stop frequenting it after an employee reluctantly told her they were no longer paid for breaks. Employees at the other three Tim Hortons on her commute into work told her they were instructed not to speak about it, she said, so she inferred similar changes were afoot and gave up her Tim Hortons’ teas.

What Tim Hortons is doing is flat out bad for business and I said as much when the news first broke on January 4. I understand that many feel Premier Wynne is to blame for this fiasco, but she’s just a convenient scapegoat who allows Restaurant Brands to continue its blitzkrieg on Tim Hortons’ expenses.

By the numbers: How much will the minimum wage hike cost Tim Hortons?

  By the numbers: How much will the minimum wage hike cost Tim Hortons? The Great White North Franchisee Association says the minimum wage increase will cost the average Tim Hortons franchise $243,889.10 a year Here’s a closer look at the numbers provided by the association, which says on its website it represents 50 per cent of the Tim Hortons chain in Canada. The figure is based on a minimum wage increase of $2.40 an hour The calculation assumes the $2.40 increase will be applied to every worker’s salary. Only employees who were making the previous minimum wage, $11.60 an hour, are legally entitled to the new rate, $14. Some businesses have said the higher rate will inflate their entire payroll because they want to maintain pay differentials between newer hires and more senior staff. The $2.40 rate is bumped up to $3.35 an hour when other costs are factored in. GWNFA says this figure includes Canadian Pension Plan, Employment Insurance, Employee Health tax, workers’ compensation premiums, training costs, sick leave, and increased vacation pay. Increased vacation pay introduced by Bill 148 will only impact workers who have been with a company for five years or more. They will now be entitled to three weeks leave. Average number of employees at a Tim Hortons store: 35 Average increased cost for one full-time employee: $6,968.26 Divided by the hourly cost increase (of $3.35) per employee and a 52-week year, this figure suggests Tim Hortons employees work a 40-hour week.

I Promise to BOYCOTT TIM HORTON 'S if they pursue their plan to slash workers pay and benefits!!! Uppdatera #1ungefär en minut sedan. Tim Hortons team members should never be used to further an agenda or be treated as just an 'expense.'

I Promise to BOYCOTT TIM HORTON 'S if they pursue their plan to slash workers pay and benefits!!! Atualização #1cerca de um minuto atrás. Tim Hortons team members should never be used to further an agenda or be treated as just an 'expense.'

The #BoycottTimHortons campaign, while optically positive, is the type of campaign that rarely gains traction. In fact, it could end up hurting the employees by having their hours cut back to make up for the lost revenue from such a boycott.

Boycott the stock

Fool.ca contributor Chris MacDonald believes that the Ontario situation is a blip on the radar given that Restaurant Brands does business in other parts of the country and the world. He’s not wrong.

However, he does minimize the importance of Tim Hortons to Restaurant Brands’ top and bottom line.

Tim Hortons’ successful expansion outside of Canada depends entirely on the brands’ iconic name. If this situation moves to other provinces dealing with minimum wage hikes, the financial fallout will be much bigger than anyone realizes.

Restaurant Brands will continue to be profitable, perhaps at the expense of Tim Hortons’ franchisees, and therefore employees, in Ontario,” MacDonald stated January 9. “If you’re an investor focused on long-term growth and profitability and believe in Restaurant Brands’ business model, accepting bumps along the way is par for the course.”

Steven Spielberg's 'The Post' Gets Banned in Lebanon

  Steven Spielberg's 'The Post' Gets Banned in Lebanon Steven Spielberg's 'The Post' Gets Banned in LebanonLebanon has banned Steven Spielberg's newspaper drama The Post just days before the film is set to premiere in Beirut.

I Promise to BOYCOTT TIM HORTON 'S if they pursue their plan to slash workers pay and benefits!!! Opdater #14 timer siden. Tim Hortons team members should never be used to further an agenda or be treated as just an 'expense.'

I Promise to BOYCOTT TIM HORTON 'S if they pursue their plan to slash workers pay and benefits!!! Tim Hortons team members should never be used to further an agenda or be treated as just an 'expense.' This is completely unacceptable."

In my estimation, MacDonald’s view, while probably accurate, reflects poorly on Canadians. Here are three reasons why.

First Restaurant Brands came in after acquiring Tim Hortons in 2014 and fired a bunch of people at its head office in the worst manner possible. Read Marina Strauss’ excellent article, Inside the Brutal Transformation of Tim Hortons to find out more.

Restaurant Brands then raised coffee prices and other franchisee costs to the point where over half the Tim Hortons’ franchisees were forced to band together under the Great White North Franchisee Association to sue the company.

Finally, the company has chosen to sit idly by while the franchisees’ employees take it on the chin — the people who can least afford it —  solely to keep profits growing.

Hurt Restaurant Brands where it counts

Canadians aren’t known as big protestors. It’s time we took a stand against the American and Brazilian interests that are ruining an iconic brand.

Do the right thing. Sell QSR stock now.

5 stocks we like better than Restaurant Brands International

When investing Guru Iain Butler and his shrewd team of analysts have a stock tip, it can pay to listen. After all, the newsletter they began just three years ago, Stock Advisor Canada, is already beating the market by 9.6%. And their Canadian picks have literally doubled the market.

Iain and his team just revealed what they believe are the five best stocks for investors to buy right now... and Restaurant Brands International wasn't one of them! That's right - they think these five stocks are even better buys.

See the 5 stocks

*returns as of 5/30/17

Fool contributor Will Ashworth has no position in any stocks mentioned. The Motley Fool owns shares of Restaurant Brands International Inc.

Expect to pay more for your Timmies, says 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 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.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!