Tim Hortons plans to expand to Spain, its fourth venture abroad in recent months, as it tries to overcome lagging sales and an internal revolt from disgruntled franchisees in Canada. Some franchisees have accused RBI’s head office of penny pinching, driving up their expenses and overall mismanagement — allegations the company has denied. But the Great White North Franchisee Association, a rogue association of frustrated franchisees, said the results are proof that RBI’s approach isn’t working. Tim Hortons also raised prices Wednesday for some breakfast items and hot beverages in select markets. That’s down slightly from a profit of $90.9 million or 38 cents per diluted share a year ago.

Source: thestar August 02, 2017 12:12 UTC