Welcome to our dedicated page for TH International news (Ticker: THCHW), 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, regularly issues detailed news updates covering its operations as the parent company of the exclusive master franchisees of Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. News for the THCH and THCHW securities often centers on the company’s financial performance, store network development, product launches, and sustainability initiatives within the Tim Hortons brand in these markets.
Investors and followers of THCHW-related instruments can see recurring earnings releases, where Tims China reports total revenues, system sales, same-store sales growth, company owned and operated store contribution, and adjusted corporate EBITDA. These releases also describe changes in store counts, including company owned and operated stores, franchised stores, and made-to-order (MTO) locations, as well as net new store openings or closures.
Beyond financial results, Tims China’s news includes product and concept announcements, such as the Light & Fit Lunch Box platform with Hot Baked Bagel Sandwiches, Energizing Lunch Wraps, and Loaded Power Bowls, which the company positions as part of its “Coffee + Freshly Prepared Food” and “coffee + warm food” strategies. The news flow also features updates on participation in broader campaigns, like China’s “Weight Management Year,” and descriptions of how these offerings align with lighter, health-focused meals.
The company also issues corporate and sustainability news, including the launch of an eco-friendly straw developed with Tencent’s CarbonXmade program using Carbon Capture Utilization (CCU) technology, and the introduction of a Green Innovation Lab Store in Shenzhen that uses materials made from coffee grounds and straw fibers. In addition, Tims China announces financing transactions such as senior secured convertible notes and amendments to existing convertible notes, as well as schedules and registration details for quarterly earnings conference calls. Together, these updates provide an ongoing view of how Tims China describes its strategy, operations, and capital structure.
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.
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.
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