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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.
TH International Limited (Nasdaq: THCH, THCHW) reported its unaudited financial results for Q4 and full year 2022, showcasing a strong performance despite pandemic challenges. Total revenues surged by 34.6% YoY to RMB301.5 million (USD43.7 million) in Q4 and 57.2% YoY to RMB1,011.1 million (USD146.6 million) for the full year. The company opened 131 new stores in Q4, reaching 617 total stores by year-end, and achieved 11.3 million registered loyalty club members, an 88.5% increase YoY. Adjusted store EBITDA improved by 45.7% YoY to RMB12.8 million in Q4. However, the company reported a net loss of RMB222.9 million (USD32.3 million) in Q4, reflecting ongoing operational challenges due to COVID-19.
TH International Limited (THCH) has secured a significant agreement to become the exclusive operator and developer of the Popeyes brand in mainland China. This milestone transaction, finalized on March 30, 2023, provides Tims China with a robust growth opportunity in a lucrative market. The company will leverage its experience from expanding Tim Hortons in China, where it operates over 600 stores. This all-share transaction, which includes $30 million in cash from Popeyes China, will be supplemented by an additional $60 million investment to boost the Popeyes brand. The partnership aims to capitalize on synergies and engage Tims China’s 12 million loyalty members.
TH International Limited (Nasdaq: THCH), the exclusive operator of Tim Hortons in China, announced participation in three investor conferences in March 2023. On March 13, it will hold virtual meetings at Loop Capital’s Annual Investor Conference. The following day, Tims China will engage in a fireside chat at the Bank of America Consumer & Retail Technology Conference and host meetings with institutional investors. On March 15, another fireside chat will occur at the UBS Global Consumer and Retail Conference. By the end of 2022, Tims China operated over 600 stores and aims to reach 1,000 stores by the end of 2023.
On February 8, 2023, TH International Limited (Nasdaq: THCH), the exclusive operator of Tim Hortons in China, announced its approval to develop Popeyes in mainland China and Macau. This move aims to capitalize on Tims China's success, currently with over 600 locations, and is expected to enhance operational synergies and financial performance. The acquisition will allow Tims China to sub-franchise Popeyes and is anticipated to strengthen its balance sheet significantly. Tims China plans to localize Popeyes' offerings while leveraging its established development systems. The transaction is subject to customary closing conditions.
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