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), 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.
Tims China has entered a two-year partnership with Freshippo, Alibaba Group's omnichannel retail chain, to launch co-branded coffee products. The initial offerings, Velvet Cocoa Coffee and Chestnut Latte, will be available in December 2022 through Freshippo's online app and its more than 300 physical stores across 27 Chinese cities. This collaboration aims to leverage both companies' strengths in product design, promotion, and pricing, providing consumers with enhanced coffee experiences.
TH International Limited, operator of Tim Hortons in China, has opened its 500th coffee shop in Dongguan, marking a significant milestone shortly after its listing on Nasdaq under ticker THCH. The company reported a remarkable 70% revenue growth in the first half of 2022, totaling RMB 404 million, compared to RMB 237 million in the same period last year. To celebrate, Tims China is holding a buy-one-get-one promotion from October 12 to October 18.
TH International Limited announced the successful closing of its business combination with Silver Crest Acquisition Corporation, providing Tims China access to nearly $200 million for growth. The combined company retains the TH International name, with shares trading under symbols THCH and THCHW from September 29, 2022. Tims China operates over 460 coffee shops, aiming to expand to 2,750 stores by 2026. Key financing sources include PIPE financing of approximately $94.5 million and a $100 million equity facility from CF Principal Investments LLC.
Marketing campaign with Douyin generates over RMB 20 million of sales in one month
SHANGHAI, China, Aug. 12, 2022 - TH International Limited, operator of Tim Hortons in China, reported strong sales of over RMB 20 million from its "tastes of summer" campaign on Douyin in just 30 days. The campaign featured a livestream event with celebrity ambassador Yang Yang and CEO Yongchen Lu, which contributed to nearly 400 million online visits. Tims China's popularity surged, ranking as Shanghai’s most popular coffee shop on Douyin. This event marks Tims China as the first coffee brand to join Douyin’s Local Services.
TH International Limited, exclusive operator of Tim Hortons coffee shops in China, launched a new dedicated e-sports café in Shanghai. This location, in collaboration with Tencent Holdings, aims to deliver an engaging experience combining coffee and e-sports. The café features themed drinks, gaming activities, and screens for e-sports events. This marks a continuation of their partnership that began in 2020, following the success of two previous stores. The CEO emphasized the goal of enhancing immersive experiences for younger customers, highlighting the popularity of this innovative model.
On August 1, 2022, TH International Limited, operator of Tim Hortons in China, announced the opening of three Tims Express coffee shops in Easy Joy convenience stores in Beijing. This collaboration aims to enhance customer experience by providing convenient and premium coffee offerings. The Tims Express stores utilize a compact design and are situated in Beijing's central business district. General Manager Robin Zhou expressed optimism for future expansion within Easy Joy's extensive network of over 27,800 stores.
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