Tim Hortons’ profit slipped amid high inflation, commodity costs in latest quarter
Restaurant Brands executive chairman Patrick Doyle, who was appointed to the role in November to “accelerate growth for franchisees and shareholders,” said the company will now disclose restaurant-level EBITDA annually to “elevate our accountability to our franchisees.”
The company has a plan to improve profitability but franchisees also need to “do their own part,” said Doyle, who is credited with leading a transformation at Domino’s Pizza in his former role as CEO of the chain between 2010 and 2018. Restaurant Brands also announced on Tuesday that chief operating officer Joshua Kobza will become chief executive effective March 1, replacing Jose Cil who will remain with the company for a year as an adviser and assist in the transition.Consumer Matters: Changes coming to big coffee chain reward programs
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