TH International Ltd., operating as Tims China and listed on Nasdaq under the ticker THCH, has reported its first-quarter 2025 earnings. The company revealed a significant decrease in revenues from company-owned stores, dropping from RMB 296.4 million in Q1 2024 to RMB 254.8 million in Q1 2025, marking a decline of 14.0%. Same-store sales growth showed a negative trend, with a 6.5% decrease compared to an 11.7% decrease in the previous year, representing a 5.2 percentage point improvement. The adjusted corporate EBITDA margin showed continued improvements, with the company-owned and operated store contribution margin increasing from 0.8% in Q1 2024 to 6.7% in Q1 2025. This indicates a positive trend in operational performance. The total number of stores increased from 906 in Q1 2024 to 1,024 in Q1 2025, reflecting a growth rate of 13.0%. However, the net new stores opened were only 2, compared to 4 in the previous period, highlighting a 50.0% decrease in net new store openings. No specific outlook or guidance for future periods was provided in the report.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TH International Ltd. published the original content used to generate this news brief on June 24, 2025, and is solely responsible for the information contained therein.
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