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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.
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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.
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.