Tims China Announces Second Quarter 2024 Financial Results
TH International Limited (THCH)
Company Research
Source: GlobeNewswire
Achieved First-ever Quarterly Adjusted Corporate EBITDA1 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. System sales2 of RMB403.8 million (USD55.6 million), representing a 1.6% increase from the same quarter of 2023. Net new store openings for franchised stores totaled 31 for the quarter (one systemwide net new store opening, as certain company-owned underperforming stores were closed
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THCH
Sec Filings
- 1/28/25 - Form 6-K
- 1/24/25 - Form 6-K
- 1/7/25 - Form 6-K
- THCH's page on the SEC website