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.
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.
TH International Limited, the exclusive operator of Tim Hortons in China (Nasdaq: THCH), has opened its 600th coffee shop in Zhongshan, Guangdong Province, enhancing its presence in the Pearl River Delta. The milestone was celebrated on January 13, 2023, with nearly 800 fans attending. Tims China continues to expand with a strategy focusing on store density and brand awareness, reaching over 39 cities. In addition, the company is emphasizing its Chinese branding, 'Tian Hao Coffee,' which translates to 'good day.' CEO Yongchen Lu expressed excitement for continued growth and localization efforts across China.
TH International Limited (Nasdaq: THCH), operator of Tim Hortons in China, reported a 67.9% increase in Q3 2022 revenues to RMB305.7 million (USD43.0 million). The company opened 46 new stores, reaching 486 total locations. Same-store sales grew by 7.5%, while loyalty club membership surged to 8.9 million, an 85.8% annual rise. Adjusted store EBITDA showed significant improvement, rising to RMB19.4 million (USD2.7 million) with a margin of 6.7%. Despite challenges from COVID-19, the company continued strong growth, although a net loss of RMB195 million (USD27.4 million) was reported.
FAQ
What is Null's primary focus?
What sets Null apart from competitors?
What products does Null offer?
