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 (THCHW) delivers integrated global trade solutions and supply chain management services across industrial and consumer markets. This news hub provides investors and business stakeholders with timely updates on corporate developments shaping international commerce.
Access comprehensive updates including earnings reports, strategic partnerships, and operational expansions. Our curated news collection enables informed analysis of the company's market position in global logistics and cross-border trade facilitation.
Key coverage areas include supply chain innovations, international distribution network updates, and regulatory compliance developments. Track material announcements related to THCHW's logistics optimization strategies and trade solution enhancements.
Bookmark this page for streamlined access to verified business updates. Check regularly for new insights into TH International's role in shaping efficient global commerce ecosystems.
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.
