TH International Ltd/Cayman Islands

TH International Ltd. is a holding company, which through its subsidiaries, engages in the commercial franchising of Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. It operates the Tim Hortons restaurant chains, which offer coffee, tea, and baked goods such as donuts, cakes, breakfast bagels, croissants, toast and sandwiches. The company was founded in April 2018 and is headquartered in Shanghai, China.

Earnings data Q1 2024

TH International Limited Achieves Record Revenue Growth and Expands into Fast-Food Segment

TH International Limited's Q2 2023 performance showcased exceptional revenue growth, membership expansion, and improved store level EBITDA. The company's strategic initiatives, including network expansion, successful product launches, and entry into the fast-food segment, position it for continued success. However, managing rapid expansion and ensuring successful integration of new ventures will be critical for sustained growth.

TH International Limited achieves record revenue growth and expands into new markets

TH International Limited's Q3 2023 earnings call showcased exceptional top-line growth, driven by successful product launches and expansion into new cities. While the company faces cost-related challenges, its focus on new retail channels and the introduction of Popeyes in China present significant opportunities for future growth. Overall, the company's performance reflects a strong emphasis on effective cost management and revenue growth strategies.

THCH reports strong Q1 performance, eyes sustainable growth strategies

THCH's Q1 2024 earnings call showcased strong performance and highlighted key achievements in revenue growth, store openings, and franchise expansion. The company's focus on profitability, sustainability, and operational efficiency positions it well for future growth. Challenges include market competition, differentiation, and balancing expansion plans with productivity.

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TH International Limited (NASDAQ:THCH ) Q4 2023 Earnings Call Transcript April 18, 2024 8:00 AM ET Company Participants Gemma Bakx - IR Yongchen Lu - CFO Albert Li - CFO Conference Call Participants Steve Silver - Argus Research Corporation Operator Ladies and gentlemen, welcome to Tims China Fourth Quarter and Full Year 2023 Earnings Conference Call. All participants will be in listen-only mode during management's prepared remarks and there will be a question-and-answer session to follow.

TH International Limited (THCH) Q4 2023 Earnings Call Transcript

Total Revenues Increased 29.8% Year-over-Year for the Fourth Quarter, 55.9% Year-over-Year Growth for the Full Year 2023

Tims China Announces Fourth Quarter and Full Year 2023 Financial Results

SHANGHAI, China and NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, will release its fourth quarter and full year results before market opening on Thursday, April 18, 2024.

Tims China Announces Earnings Release Date For Q4 and Full Year 2023 Results & Conference Call

SHANGHAI, China and NEW YORK, April 09, 2024 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, surpassed 20 million registered loyalty club members on March 31, 2024.

Tims China Surpasses 20 Million Loyalty Club Members

SHANGHAI, China, and NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ THCH), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China (“Tims China” or the “Company”) will be attending and participating in the following upcoming conferences next week:

Tims China to Present at Upcoming Conferences

NEW YORK , Feb. 26, 2024 /PRNewswire/ -- Argus Research, an independent investment research firm, has launched Equity Research Report coverage on TH International Limited (NasdaqCM: THCH). Click Here to view full Argus Equity Research Report.

Argus Research Initiates Equity Research Report Coverage on TH International Limited (NasdaqCM: THCH).

Since our First Store Opening in February 2019, We Have Been Passionately Committed to Serving our Innovative and Locally-Relevant Offerings to our Fast-Growing Following of Loyal Guests Since our First Store Opening in February 2019, We Have Been Passionately Committed to Serving our Innovative and Locally-Relevant Offerings to our Fast-Growing Following of Loyal Guests

Tims China Celebrates its Five-Year Anniversary

SHANGHAI, China, Jan. 16, 2024 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, announces the opening of the first seven Tims China stores in Shanghai Metro stations. The partnership will be expanded to include more Tims coffee shops in “Line 14” stations.

Tims China Partners with Shanghai Metro to Open Tims Coffee Shops in “Line 14” Stations

SHANGHAI, China, Jan. 09, 2024 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, announces the grand opening of its 10th Popeyes store in Shanghai, marking a significant milestone.

Popeyes® Expands in China with 10th Store

SHANGHAI, China, Dec. 21, 2023 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, has partnered with ride-hailing company DiDi Chuxing (“DiDi”) as part of a brand-building campaign. This new partnership focuses on cross-brand and cross-channel marketing, leveraging Didi's large customer base to bolster awareness of the Tims China brand.

Tims China Launches Collaboration with DiDi to Expand Customer Base

TH International Limited (Tims China) is rapidly expanding Tim Hortons coffee shops in China to capitalize on the growing coffee consumption trend. Tims China aims to open over 2,750 coffee shops by 2026, mirroring the aggressive growth strategies of other major coffee chains in China. The company's formation and growth strategy represent a significant move in the global coffee shop market, particularly in the expanding Chinese market.

Buy Tim Horton's China If You Can Stomach Chinese Stocks

Record- high Quarterly Revenue of RMB436.4 Million Represents 42.7% Year-over-Year Growth Record-high Adjusted Store EBITDA Margin of 7.5% SHANGHAI, China and NEW YORK, Nov. 15, 2023 (GLOBE NEWSWIRE) -- TH International Limited (Nasdaq: THCH), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China (“Tims China” or the “Company”) today announced its unaudited financial results for the Third quarter 2023. THIRD QUARTER 2023 HIGHLIGHTS Total revenues reached a quarterly record of RMB436.4 million (USD59.8 million), representing a 42.7% increase from the same quarter of 2022.

Tims China Announces Third Quarter 2023 Financial Results

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The imminent possibility of a U.S. government shutdown has raised concerns among economists. Yet, our economy has consistently demonstrated resilience in the face of similar challenges.

Don't Miss the Boom: 3 Stocks Set to Explode Higher

TH International (the exclusive franchisee of Tim Hortons coffee shops in China) has seen its stock hit new lows despite a clear improvement in fundamentals. Its same-store sales growth accelerated from 8.0% in 1Q23 to 20.4% in 2Q23 and the trailing 12-month store EBITDA margin increased from -7% in 2Q22 to +5% in 2Q23. The company is shifting its expansion strategy from company-owned to franchised stores.

TH International Limited: Updates Warranting Strong Buy (Part 1)

Total Revenues Increased 129.7 % Year-over-Year to a Record RMB411.7 Million for the Second Quarter 2023

Tims China Announces Second Quarter 2023 Financial Results

Tims China plans to open at least 10 Popeyes restaurants in Shanghai in the coming quarter and 1,700 across China over the next decade New Shanghai flagship restaurant features menu choices and a store design tailored to the Chinese market Tims China acquired the exclusive right to develop Popeyes® brand restaurants in mainland China in March 2023 SHANGHAI, China, Aug. 21, 2023 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, started the nationwide expansion of Popeyes in China on August 19 with the opening of its first flagship restaurant in Shanghai. A grand opening celebration and ribbon-cutting ceremony was held at the new restaurant in the heart of Shanghai's Huaihai commercial district.

Tims China Launches Nationwide Expansion of Popeyes® in China with Grand Opening of First Flagship Restaurant in Shanghai

Tims accelerates efficient growth through its strong franchise partnerships Tims accelerates efficient growth through its strong franchise partnerships

Tims China Generates 27% Same-store Sales Growth in June

TH International Ltd ( THCH , Financial), also known as Tims China, is the parent company of the exclusive master franchisee of Tim Horton's coffee shops for Restaurant Brands International Inc. ( TSX:QSR , Financial) ( QSR , Financial) in China, Hong Kong and Macau. Tims China was founded by Cartesian Capital Group and Tim Horton's Restaurants International, a subsidiary of Restaurant Brands International, which also owns the Burger King, Tim Horton's and Popeye's brands worldwide.

Tims China: Can It Win the Donut War?

Landmark Yinchuan Store Welcomes Guests with a Design Reflecting the City's Beauty Landmark Yinchuan Store Welcomes Guests with a Design Reflecting the City's Beauty

Tims China opens its 700th Store and expands in China's Northwest

SHANGHAI, China, June 20, 2023 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, announces a partnership with Oatly Group AB (Nasdaq: OTLY), the world's original and largest oat drink company. The partners have launched a new dairy-free ready-to-drink (RTD) oatmilk latte product line, the latest addition to Tims China's growing portfolio of convenient and tasty RTD beverages.

Tims China Announces Partnership with Oatly on RTD Oatmilk Latte

SHANGHAI, China and NEW YORK, June 14, 2023 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” or the “Company” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, today announced the successful completion of its previously announced exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding warrants.

Tims China Announces Completion of Exchange Offer and Consent Solicitation and Notice to Exercise Right to Exchange Remaining Outstanding Warrants

SHANGHAI, China and NEW YORK, June 12, 2023 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” or the “Company” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, today announced the successful results of its exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding warrants. The Offer and Consent Solicitation expired at 11:59 p.m., Eastern Time, on June 9, 2023.

Tims China Announces Successful Warrant Exchange Offer

SHANGHAI, China and NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, welcomed the news that the company was added to the MSCI China All Shares Small Cap Index on May 31, 2023.

Tims China Selected for Inclusion in the MSCI China All Shares Small Cap Index

Total Revenues Increased 49.8 % Year-over-Year for the First Quarter 2023 31 Net New Store Openings in the First Quarter, 648 System-Wide Stores at Quarter-End 12.4 Million Registered Loyalty Club Members at Quarter-End, Represents 79.3% Year-over-Year Growth Adjusted Store EBITDA Margin Increased 13.8 Percentage Points from the First Quarter 2022 to 1.9% Continued Recovery: 8.0% Same-store Sales Growth for Company Owned and Operated Stores in the First Quarter 2023, Including 17.1% in February and 19.4% in March SHANGHAI and NEW YORK, May 30, 2023 (GLOBE NEWSWIRE) -- TH International Limited (Nasdaq: THCH), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China (“Tims China” or the “Company”) today announced its unaudited financial results for the first quarter 2023. FIRST QUARTER 2023 HIGHLIGHTS Total revenues were RMB336.5 million (USD49.0 million), representing a 49.8% increase from the same quarter of 2022.

Tims China Announces First Quarter 2023 Financial Results

SHANGHAI, China and NEW YORK, May 12, 2023 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, today announced that it has commenced an exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding (i) public warrants to purchase ordinary shares of the Company, par value US$0.00000939586994067732 (the “Ordinary Shares”), which warrants trade on The Nasdaq Capital Market under the symbol “THCHW” (the “public warrants”), and (ii) private placement warrants to purchase Ordinary Shares (the “private placement warrants” and, together with the public warrants, the “warrants”). The purpose of the Offer and Consent Solicitation is to simplify the Company's capital structure and reduce the potential dilutive impact of the warrants, thereby providing the Company with more flexibility for financing its operations in the future.

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