Welcome to our dedicated page for TH International news (Ticker: THCH), a resource for investors and traders seeking the latest updates and insights on TH International stock.
TH International Limited (NASDAQ: THCH) serves as the primary operator of Tim Hortons and Popeyes restaurants across mainland China, Hong Kong, and Macau. This page provides investors with verified updates on strategic developments, financial performance, and market initiatives within China's competitive quick-service restaurant sector.
Access official press releases detailing new store openings, menu innovations, and partnership announcements alongside quarterly earnings reports and corporate governance updates. Our curated news collection enables stakeholders to track the company's progress in adapting globally recognized brands to local consumer preferences.
Key updates include expansions of the Tim Hortons coffee network, Popeyes' market penetration strategies, operational efficiency initiatives, and leadership developments. All content is sourced directly from company filings and authorized communications to ensure reliability.
Bookmark this page for streamlined access to TH International Limited's latest announcements, or subscribe to Stock Titan's alerts for real-time updates on material developments affecting the company's market position.
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.
Tims China (Nasdaq: THCH), the exclusive operator of Tim Hortons coffee shops in China, has received a notice from Nasdaq on July 19, 2024, stating that the company's ordinary shares fail to comply with the $1.00 minimum bid price requirement for continued listing. The company has been given an initial period of 180 calendar days, until January 15, 2025, to regain compliance. To do so, the closing bid price of the ordinary shares must be at least $1.00 for at least 10 consecutive business days prior to the deadline. If Tims China fails to regain compliance by January 15, 2025, it may be eligible for an additional 180-day period under certain circumstances. Failure to meet the requirements could result in delisting, subject to appeal. The company has filed a Current Report on Form 6-K with the SEC regarding this notice.
Tims China, the exclusive operator of Tim Hortons coffee shops in China (Nasdaq: THCH), has secured up to $65 million in financing from founding shareholders Cartesian Capital Group and Restaurant Brands International (NYSE: QSR). The financing package includes $50 million in convertible notes, with $40 million issued at closing and the remaining amount to be funded over the next 7 months, contingent on certain conditions. The three-year notes can be converted into convertible preferred shares, which subsequently convert to ordinary shares at a 10% premium to the volume-weighted average price (VWAP) of the five preceding trading days.
Additionally, RBI has acquired the Popeyes China business from Tims China for an enterprise value of $15 million on a cash-free, debt-free basis. To settle deferred consideration to former Popeyes China shareholders, Tims China issued a $15 million convertible note with similar conversion terms. CEO Yongchen Lu highlighted that this funding package strengthens Tims China's balance sheet and supports growth in their core Tim Hortons brand.
Restaurant Brands International (RBI) has announced two significant transactions in China. RBI will acquire Popeyes China for an enterprise value of $15 million, which includes 14 restaurants in Shanghai. This move aims to accelerate growth in the Chinese market, with plans for local team investments and further restaurant development. Additionally, RBI and Cartesian Capital will co-invest up to $50 million in Tims China through convertible notes, increasing RBI's equity ownership to 18%. This funding will be issued in phases, with an initial $40 million at closing. RBI aims to drive growth in the Chinese QSR market, focusing on Popeyes and Tim Hortons brands.
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.
FAQ
What is the current stock price of TH International (THCH)?
What is the market cap of TH International (THCH)?
