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TH International Limited (Symbol: THCH) is the parent company of the franchise rights for Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. Through the Tim Hortons brand, the company delivers a variety of freshly brewed coffee, tea, and other beverages, as well as bakery items and sandwiches. Additionally, TH International operates and develops the Popeyes brand in Mainland China.
The company’s core business revolves around two key segments: Tim Hortons, which generates the majority of its revenue, and Popeyes. Both segments aim to provide high-quality food and beverage experiences to customers in the PRC.
Recent Achievements: TH International has made significant progress in expanding its footprint across the region. Despite facing challenges, the company continues to grow its store network and enhance its service offerings. Financial performance has shown resilience with the company working towards improving its profitability metrics.
Current Projects: Currently, TH International is focusing on expanding its store base in high-potential areas and introducing new product lines to cater to the evolving tastes of its consumers. The company is also investing in technology to streamline operations and enhance customer engagement.
Financial Condition: For the quarter ended September 30, 2023, the fully burdened gross profit of company-owned and operated stores was a loss of RMB22.3 million (USD3.1 million), compared to a loss of RMB19.6 million in the same quarter of 2022. This indicates a challenging yet improving financial scenario as the company continues to optimize its operations.
Partnerships: TH International leverages strategic partnerships to enhance its market presence and operational efficiency. These collaborations help the company in achieving its growth objectives while maintaining high standards of quality and service.
In summary, TH International Limited is a pivotal player in the food and beverage industry within its operational regions. With its strong brand portfolio and strategic growth initiatives, the company is well-positioned for future success.
Tims China (Nasdaq: THCH) reported Q1 2024 financial results with total revenues of RMB346.8 million (USD48.0 million), a 3.1% increase YoY. System sales increased by 7.1% YoY to RMB363.5 million (USD50.3 million). The company opened a net of 5 new stores, consisting of a net closure of 15 company-owned Tims stores, a net opening of 19 franchised Tims stores, and one new Popeyes store. Adjusted store EBITDA grew by 2.0% YoY to RMB6.1 million (USD0.8 million), with an EBITDA margin of 2.0%.
Registered loyalty members grew 63.6% to 20.3 million. The CEO highlighted product innovation, with 14 new beverages and 18 new food products launched. The CFO emphasized cost efficiency, with reductions in food, packaging, rental, and labor costs. Despite operational efficiencies, the company reported an operating loss of RMB129.4 million (USD17.9 million) and a net loss of RMB142.8 million (USD19.8 million). Adjusted net loss was RMB97.8 million (USD13.6 million), improved from RMB117.1 million YoY.
TH International (NASDAQ: THCH), the parent company of Tim Hortons coffee shops and Popeyes restaurants in China, will be participating in the EF Hutton Annual Global Conference 2024 in New York City on May 15. The CEO, Director, and Investor Relations team will be meeting with investors throughout the day. Tims China focuses on world-class execution, data-driven decision making, local relevance, innovation, community, and convenience.
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