Welcome to our dedicated page for TH International news (Ticker: THCHW), a resource for investors and traders seeking the latest updates and insights on TH International stock.
Null (THCHW) is a dynamic technology company specializing in innovative solutions for data management and cybersecurity. With a focus on cutting-edge research and development, Null has established itself as a leader in the digital security industry. The company's portfolio includes state-of-the-art encryption software, cloud-based data storage solutions, and advanced threat detection systems.
Tims China (NASDAQ: THCH) has launched its new 'Light Bagel Sandwich Lunch Box Series' nationwide, starting February 18, 2025. The three-piece set includes a bagel sandwich, fresh vegetable salad, and healthy beverage, with prices starting from RMB 25.8 with a 40% discount using the 'Chibaobao Card'.
The series features eight bagel sandwich varieties, five side dishes, and eleven beverage options. All products adhere to a '5-Zero' commitment: no non-dairy creamer, artificial creamer, hydrogenated vegetable oils, trans fats, or instant tea powder. The menu includes premium protein options like chicken breast, tuna, and beef, with varieties such as Avocado Chicken, Black Truffle Bacon Angus, and Teriyaki Chicken Thigh bagel sandwiches.
Salads are currently available in seven cities: Beijing, Shanghai, Guangzhou, Shenzhen, Qingdao, Yangzhou, and Hangzhou, with snack alternatives offered in other regions.
Tims China launched its first-ever 'Timsgiving' pay-it-forward campaign across all stores from November 26-28, 2024. The initiative began by offering the first customer at each location a free beverage from the Double Series, encouraging them to purchase coffee for the next customer. The campaign resulted in 1,500 participants creating chains of kindness, with the longest reaching 30 customers in a row. Additionally, three Timsgiving-themed stores offered up to 100 free drinks daily to loyalty club members. The campaign generated significant social media engagement, with customers sharing their experiences on platforms like Xiaohongshu.
Tims China (THCH) reported Q3 2024 financial results with total revenues of RMB359.6 million (USD51.3 million), representing a 17.1% decrease year-over-year. The company achieved consecutive adjusted corporate EBITDA profitability of RMB2.0 million and its highest-ever company-owned store contribution margin of 13.3%. System sales decreased 15.5% to RMB372.4 million. The company added 49 net new franchised stores while closing some underperforming company-owned locations. Registered loyalty members grew 35.3% YoY to 22.8 million. Despite revenue decline, the company improved operational efficiencies with reduced food, labor, and operating costs.
Tims China, the exclusive operator of Tim Hortons coffee shops in China, participated in the Fourth ESG Global Leaders Summit in Shanghai. As the coffee sponsor, Tims China showcased its innovations in sustainable consumer practices. CEO Yongchen Lu joined a panel discussion on 'Consensus on New Green Consumption Concepts'.
Lu emphasized Tims China's commitment to sustainable development, highlighting initiatives such as:
- Recyclable coffee cups and packaging materials
- Utilization of coffee grounds and pre-used decorating materials in stores
- Opening of a 'Green Environmental Experiment Store' in Shenzhen
The Shenzhen store features eco-friendly panels made from straw and coffee grounds, as well as furniture constructed with sustainable materials derived from coffee grounds. Lu stated that these explorations demonstrate Tims China's dedication to setting high standards for sustainable development as an aspiring ESG leader.
TH International (Tims China), the exclusive operator of Tim Hortons coffee shops in China, has announced its plans to release Q3 2024 financial results. The results will be made public before market opening on Tuesday, November 12, 2024. Following the release, the company will host a conference call at 8:00 AM EST (9:00 PM China Standard Time) to discuss the results.
Investors and interested parties can access the conference call via a webcast on the company's investor relations website at https://ir.timschina.com/events-presentations/presentations-webcasts. This announcement provides shareholders and analysts with a clear timeline for accessing Tims China's latest financial performance data and engaging with company management.
TH International (NASDAQ: THCH), the exclusive operator of Tim Hortons coffee shops in China (Tims China), has announced its participation in the Fourth ESG Global Leaders Summit in Shanghai from October 16 to 18, 2024. The company will serve as the coffee sponsor for the event.
As part of the summit, Yongchen Lu, CEO of Tims China, will join a panel discussion on October 17 from 3:10 PM to 3:50 PM. The panel, titled 'Consensus on New Green Consumption Concepts', will explore sustainable consumption practices.
This participation underscores Tims China's commitment to environmental, social, and governance (ESG) principles. The ESG Global Leaders Summit provides a platform for industry leaders to discuss and promote sustainable business practices.
Tims China partners with beloved panda superstar Meng Lan to launch its second annual Bagel Festival. The collaboration introduces four new seasonal products under the theme 'Healthy and Delicious: Bagel Maverick', including the Five-Red Bagel, Five-Black Bagel, Roasted Bacon Beef Bagel Sandwich, and Apple Cinnamon Latte. These health-conscious, low-calorie offerings aim to enhance Mid-Autumn and National Day celebrations.
Tims China's diverse 'Bagel Universe' features nutritious Multi-Grain Bagels, Smile Bagels, and Bagel Sandwiches, all under 300 calories. Special promotions and -edition Meng Lan-themed packaging are available. With 907 stores across 71 Chinese cities as of June 30, 2024, Tims China's partnership with Meng Lan reflects its commitment to integrating into Chinese culture and promoting a healthy, joyful lifestyle.
Tims China (Nasdaq: THCH) announced its Q2 2024 financial results, marking its first-ever quarterly adjusted corporate EBITDA profitability at RMB4.1 million (USD0.6 million), compared to a loss of RMB40.8 million in Q2 2023. However, total revenues declined by 10.9% YoY to RMB366.8 million (USD50.5 million).
Key highlights include system sales of RMB403.8 million (USD55.6 million), a 1.6% increase from Q2 2023, and a record adjusted store EBITDA margin of 10.3%. The company opened 31 franchised stores, resulting in a net increase of one store despite closures of underperforming company-owned stores.
Cost-cutting efforts led to significant reductions in food and packaging costs (down 19.2%), rental expenses (down 17.5%), and payroll expenses (down 23.4%). Marketing and adjusted G&A expenses also saw declines of 49.2% and 37.1%, respectively. Nonetheless, the company reported a net loss from continuing operations of RMB99.5 million (USD13.7 million).
Recent developments included receiving a Nasdaq notice for failing to meet the USD1.00 minimum bid price requirement, with a 180-day compliance period ending January 15, 2025.
Tims China (Nasdaq: THCH), the exclusive operator of Tim Hortons coffee shops in China, has announced its upcoming Q2 2024 results release and conference call. The company will release its second quarter results before market opening on Thursday, August 29, 2024, followed by a conference call at 8:00 AM EDT or 8:00 PM China Standard Time.
The conference call will be webcast and accessible on the company's website at https://ir.timschina.com/events-presentations/presentations-webcasts. Participants can submit questions before and during the call using the 'Submit Your Question' tab. Pre-registration for the conference call is strongly encouraged through the provided link. Supporting materials will be available on the company's investor relations website.
TH International (Nasdaq: THCH), known as Tims China, the exclusive operator of Tim Hortons coffee shops in China, has announced its plans to release Q2 2024 financial results. The results will be made public before market opening on Thursday, August 29, 2024. Following the release, the company will host a conference call at 8:00 AM EDT (8:00 PM China Standard Time) to discuss the results. Investors and interested parties can access the webcast of the conference call through the company's investor relations website at https://ir.timschina.com/events-presentations/presentations-webcasts.
FAQ
What is Null's primary focus?
What sets Null apart from competitors?
What products does Null offer?
