Tims China Adds 9 New Franchise Stores, Loyalty Club Grows to 25.1 Million Members in Q1

Author: Benzinga Newsdesk | June 24, 2025 04:40am

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 first quarter 2025.

FIRST QUARTER 2025 HIGHLIGHTS

• Total revenues of RMB300.7 million (USD41.4 million), representing a 9.5% decrease from the same quarter of 2024.
• System sales of RMB376.3 million (USD51.9 million), representing a 3.5% increase from the same quarter of 2024.
• Net new store openings totaled 2 (net closure of seven company owned and operated stores and net opening of nine franchised stores).
  
   
• Company owned and operated store contribution, previously reported as adjusted store EBITDA, was RMB17.2 million (USD2.4 million), compared to RMB2.3 million in the same quarter of 2024.
  
   
• Company owned and operated store contribution margin, previously reported as adjusted store EBITDA margin, was 6.7%, representing a 5.9 percentage points improvement over the same quarter of 2024.
  
   
• Registered loyalty club members totaled 25.1 million members as of March 31, 2025, representing a 25.7% year-over-year growth.
   

Posted In: THCH