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 Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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TH International Ltd achieves record revenue and expands into new markets

TH International Ltd delivered exceptional financial performance in Q2 2023, with record revenue, membership growth, and improved EBITDA, reflecting operational strength.
The company's strategic strengths lie in successful expansions, product innovation, and valuable partnerships, positioning it for continued success.
While facing challenges in a competitive market, TH International Ltd has opportunities for growth through new market entries, product offerings, and strategic collaborations.

TH International Ltd/Cayman Islands (THCH) achieves record growth and expands market presence

TH International Ltd/Cayman Islands (THCH) showcased robust financial performance, operational excellence, and strategic initiatives in Q3 2023. With a focus on innovation, digital transformation, and expansion into new markets, the company is well-positioned for continued growth and success. Challenges in maintaining growth momentum and navigating competitive pressures will require ongoing strategic adaptation and operational efficiency.

THCH achieves robust growth in Q4 2023, eyes digital expansion

TH International Ltd/Cayman Islands (THCH) delivered strong financial results for Q4 2023 and full year 2023, driven by top-line growth and strategic initiatives. While facing challenges in a competitive market, the company's focus on digital innovation and profitability enhancement positions it well for future growth and value creation.

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.

THCH reports Tims China's first profitable quarter, eyes growth opportunities

TH International Ltd/Cayman Islands (THCH) reported positive EBITDA margin for Tims China, despite revenue challenges. Strong focus on brand strength, operational efficiency, and profitable growth. Secured financing and completed store renovations to enhance offerings. Opportunities for growth through new store openings and marketing initiatives.

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SHANGHAI, Oct. 17, 2024 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ THCH), the exclusive operator of Tim Hortons coffee shops in China (“Tims China” or the “Company”) participated in the Fourth ESG Global Leaders Summit in Shanghai this week.

Tims China Joins ESG Global Leaders Summit

SHANGHAI, and NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops in China, plans to release its third quarter results before market opening on Tuesday November 12, 2024, with a conference call to follow at 8:00 AM EST or 9:00 PM China Standard Time. The conference call will be webcast, and can be accessed on the company website at https://ir.timschina.com/events-presentations/presentations-webcasts.

Tims China Announces Q3 2024 Results Date & Conference Call

SHANGHAI, Oct. 14, 2024 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ THCH), the exclusive operator of Tim Hortons coffee shops in China (“Tims China” or the “Company”) will be participating in the Fourth ESG Global Leaders Summit in Shanghai from Wednesday, October 16 through Friday, October 18. Tims China is the coffee sponsor of the conference.

Tims China to participate in and sponsor the Upcoming Fourth ESG Global Leaders Summit

SHANGHAI and NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Meng Lan, the beloved panda superstar, isn't just adored for his round, cuddly appearance—he symbolizes much more. Born to a lineage of famous pandas, Meng Lan's “celebrity pedigree” and adventurous personality have made him a cultural icon in China. Whether he's scaling fences, digging tunnels, or playfully interacting, Meng Lan embodies a free spirit that resonates deeply with the public. Nicknamed the "3rd Prince," his antics and charm have conquered the hearts of fans nationwide.

Tims China Partners with Panda Superstar Meng Lan to Celebrate Bagel Maverick

TH International Limited (NASDAQ:THCH ) Q2 2024 Earnings Call Transcript August 29, 2024 8:00 AM ET Company Participants Gemma Bakx - IR Yongchen Lu - CEO and Director Albert Li - CFO Conference Call Participants Steve Silver - Argus Research Corporation Operator Ladies and gentlemen, welcome to the Tims China's Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode during management's prepared remarks and then will be question-and-answer session to follow.

TH International Limited (THCH) Q2 2024 Earnings Call Transcript

Achieved First-ever Quarterly Adjusted Corporate EBITDA 1 Profitability Generated Highest-ever Adjusted Store EBITDA Margin of 10.3% SHANGHAI and NEW YORK, Aug. 29, 2024 (GLOBE NEWSWIRE) -- TH International Limited (Nasdaq: THCH), the exclusive operator of Tim Hortons coffee shops in China (“Tims China” or the “Company”), today announced its unaudited financial results for the second quarter 2024. SECOND QUARTER 2024 HIGHLIGHTS Total revenues of RMB366.8 million (USD50.5 million), representing a 10.9% decrease from the same quarter of 2023.

Tims China Announces Second Quarter 2024 Financial Results

SHANGHAI and NEW YORK, Aug. 26, 2024 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops in China, plans to release its second quarter results before market opening on Thursday, August 29, 2024, with a conference call to follow at 8:00 AM EDT or 8:00 PM China Standard Time.

Tims China Registration & Webcast details for Q2 2024 Results Conference Call on Thursday, August 29, 2024

SHANGHAI and NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops in China, plans to release its second quarter results before market opening on Thursday, August 29, 2024, with a conference call to follow at 8:00 AM EDT or 8:00 PM China Standard Time. The conference call will be webcast, and can be accessed on the company website at https://ir.timschina.com/events-presentations/presentations-webcasts.

Tims China Announces Q2 2024 Results Date & Conference Call

SHANGHAI and NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) -- On July 19, 2024, TH International Limited, (Nasdaq:THCH), the exclusive operator of Tim Hortons coffee shops in China (“Tims China” or the “Company”) , received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”), stating that the Company's ordinary shares, par value $0.00000939586994067732 per share (the “ordinary shares”), fail to comply with the $1.00 minimum bid price requirement for continued listing on Nasdaq in accordance with Nasdaq Listing Rule 5550(a)(2) based upon the closing bid price of the ordinary shares for the 30 consecutive business days prior to the date of the Notice.

Tims China Receives Nasdaq Notice; Files 6-K

SHANGHAI, China and NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops in China, secured an aggregate of up to $65 million of financing and additional funding from its founding shareholders, Cartesian Capital Group, LLC (“Cartesian”) and Restaurant Brands International Inc. (“RBI” (NYSE: QSR)).

Tims China Announces Significant Financing from Founding Shareholders

Restaurant Brands

RBI Acquires Popeyes China and Plans to Accelerate Growth Co-investment alongside Cartesian Capital in Tims China Business TORONTO , July 1, 2024 /PRNewswire/ - Restaurant Brands International Inc. (TSX: QSR) (NYSE: QSR) (TSX: QSP) ("RBI", "Company") announced today two transactions in China, the acquisition of Popeyes China, and the co-investment with Cartesian Capital into the business of TH International Limited ("Tims China") (NASDAQ: THCH). The two transactions reflect RBI's confidence in China, one of the largest QSR markets globally, and its commitment to drive growth in the market.

Restaurant Brands International Announces Investments to Drive Growth in China

TH International Limited (NASDAQ:THCH ) Q1 2024 Earnings Call Transcript June 5, 2024 8:00 AM ET Company Participants Gemma Bakx - Investor Relations Yongchen Lu - Chief Executive Officer Dong Li - Chief Financial Officer Conference Call Participants Steve Silver - Argus Research Operator Ladies and gentlemen, welcome to Tims China's First Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode during management's prepared remarks and there will be a question-and-answer session to follow.

TH International Limited (THCH) Q1 2024 Earnings Call Transcript

Resilient Total Revenues Increased 3.1% Year over Year for the First Quarter 2024 System Sales Increased 7.1% Year-over-Year for the First Quarter 2024 Continuous Margin Improvement with Seven Consecutive Positive Quarterly Adjusted Store EBITDA 20.3 Million Registered Loyalty Club Members at Quarter-End, Representing 63.6% Year-over-Year Growth SHANGHAI and NEW YORK, June 05, 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”) today announced its unaudited financial results for the first quarter 2024. FIRST QUARTER 2024 HIGHLIGHTS Total revenues reached RMB346.8 million (USD48.0 million), representing a 3.1% increase from the same quarter of 2023.

Tims China Announces First Quarter 2024 Financial Results

Shanghai, China and New York, New York--(Newsfile Corp. - April 29, 2024) - 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 conference: Wednesday May 15: EF Hutton Annual Global Conference 2024 in New York City. Yongchen Lu, CEO and Director, Greg Armstrong, Director, and Gemma Bakx, Investor Relations, will be meeting with investors throughout the day.

Tims China to Participate in Upcoming Conference

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.

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