Business

New reusable takeout container program aims to reduce single-use waste in Victoria – CBC.ca

Published

3 years ago

January 15, 2022

Takeout meals have been the go-to for many as the long days of the pandemic drag on, but that means plenty of single-use waste, such as boxes, wrappers, bags and plastic cutlery are heading to the dump.

So in Victoria, B.C., a group of restaurants known as the Bread and Butter Collective has come up with a solution: a program that utlizes reusable takeout containers to pack customers’ orders.

When customers order a takeout meal at a participating restaurant, they can purchase a reusable container for $8 to pack their food.

The next time they order from another participating restaurant, they can bring the container back, and receive their food in clean new reusable container.

“We’re all local business owners really caring about the environment, and we really think that this reusable container will help reduce waste in our landfills, because the last two years have been all about takeout within an unimaginable impact on our environment,” said Maryanne Carmack, the owner of local restaurant Roast.

“We really hope this container program is an environmental initiative to help reduce the amount of take out containers. And, it’s also a really simple program that helps you also give back and support your local restaurants and cafes at the same time.”

The containers have a QR code that takes customers to a website showcasing all the participating restaurants, which include The Drake, Tapa Bar and Habit Coffee.

Carmack said the containers are made of sturdy plastic with strong clasps, and designed to withstand 1,000 washes in commercial dishwashers.

Right now, there’s only one container size, but Carmack said her group hopes to bring in other sizes for food like soups and pizza once they’ve got a feel for the demand of the program and needs of customers.

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Cineplex reports $24.7M Q3 loss on Competition Tribunal penalty

Published

18 hours ago

November 6, 2024

Anne Joseph

TORONTO – Cineplex Inc. reported a loss in its latest quarter compared with a profit a year ago as it was hit by a fine for deceptive marketing practices imposed by the Competition Tribunal.

The movie theatre company says it lost $24.7 million or 39 cents per diluted share for the quarter ended Sept. 30 compared with a profit of $29.7 million or 40 cents per diluted share a year earlier.

The results in the most recent quarter included a $39.2-million provision related to the Competition Tribunal decision, which Cineplex is appealing.

The Competition Bureau accused the company of misleading theatregoers by not immediately presenting them with the full price of a movie ticket when they purchased seats online, a view the company has rejected.

Revenue for the quarter totalled $395.6 million, down from $414.5 million in the same quarter last year, while theatre attendance totalled 13.3 million for the quarter compared with nearly 15.7 million a year earlier.

Box office revenue per patron in the quarter climbed to $13.19 compared with $12 in the same quarter last year, while concession revenue per patron amounted to $9.85, up from $8.44 a year ago.

This report by The Canadian Press was first published Nov. 6, 2024.

Companies in this story: (TSX:CGX)

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Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago

Published

2 days ago

November 5, 2024

Anne Joseph

TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.

The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.

Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.

Consolidated comparable sales were up 0.3 per cent.

On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.

The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:QSR)

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Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

Published

2 days ago

November 5, 2024

Anne Joseph

ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.

The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.

Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.

Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.

On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.

The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:FTS)

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