After two years of dining room closures, the parent company behind restaurants like
"This Sunday is
"We're expecting to be extremely busy."
The company, which also includes brands like Harvey's,
Still, he said the company plans to use the federal government's Temporary Foreign Worker Program to recruit new staff members.
"We have committed to about 500 people to join our team across the country," Hennessey said.
Meanwhile, commodity inflation continues to be the biggest challenge facing the company, he said.
"The war in
In the quarter ended
Revenues for the three-month period were
Hennessey said the strong results would support "an immediate reintroduction of a dividend."
However, he said given the company received COVID-related government subsidies as a result of dining room closures, it will not be issuing a dividend.
"Current legislation is unclear with respect to how prior subsidies in the tax year will be treated in the event that the company reintroduces a dividend," Hennessey said. "More specifically, it is possible that the company would be required to repay the subsidies received in Q1 in the event that we pay a dividend at any time during 2022."
This report by
Companies in this story: (TSX:RECP)
© 2022 The Canadian Press. All rights reserved., source