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), known as Tims China, is the exclusive operator and master franchisee of Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. This news page aggregates company announcements, earnings releases, product launches, and corporate updates related to THCH, giving readers a focused view of developments affecting the Tim Hortons brand in these markets.
Recent news from Tims China has centered on quarterly financial results, where the company reports total revenues, system sales, same-store sales growth, store contribution margins, and trends in its network of company owned and operated and franchised stores. These earnings releases also highlight the growth of registered loyalty club members and management’s commentary on store unit economics, cost optimization, and the balance between company-operated and franchise operations.
Beyond financial reporting, Tims China issues news about its food and beverage strategy and product innovation. Announcements have described the rollout of the “Light & Fit Lunch Box” platform, including Hot Baked Bagel Sandwiches, Energizing Lunch Wraps, and Loaded Power Bowls, which support the company’s “Coffee + Freshly Prepared Food” positioning. Other releases cover participation in national health campaigns and efforts to reposition the café as a destination for fresh, warm, and healthy lunch options.
The company also publishes updates on sustainability initiatives, such as its collaboration with Tencent’s CarbonXmade program to develop an eco-friendly straw using carbon capture utilization technology, and the opening of a Green Innovation Lab Store in Shenzhen focused on coffee-ground recycling. Capital markets and corporate governance news, including convertible note transactions, conference call details, and board changes, are also reported. Investors and observers can use this page to follow how Tims China communicates its strategy, financial performance, and brand initiatives over time.
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.
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