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.
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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.
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