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

Benzinga

06-24

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.

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