Tims China Announces Second Quarter 2026 Financial Results

SHANGHAI and NEW YORK, Aug. 18, 2026 (GLOBE NEWSWIRE) -- TH International Limited (Nasdaq: THCH), the parent company of the exclusive master franchisees of Tim Hortons coffee shops in China (“Tims China” or the “Company”), today announced its unaudited financial results for the second quarter 2026.

SECOND QUARTER 2026 HIGHLIGHTS * Total revenues of RMB273.4 million (USD40.3 million), representing a 21.7% decrease from the same quarter of 2025. * System sales(1) of RMB347.8 million (USD51.3 million), representing a 15.1% decrease from the same quarter of 2025. * Net new store openings totaled two (a net opening of 15 made-to-order (“MTO”) stores and a net closure of 13 non-MTO stores). * Company owned and operated store contribution(2), previously reported as adjusted store EBITDA, was RMB12.6 million (USD1.9 million), compared to RMB27.2 million in the same quarter of 2025. * Company owned and operated store contribution margin(3), previously reported as adjusted store EBITDA margin, was 5.7%, compared to 9.6% in the same quarter of 2025. * Registered loyalty club members totaled 37.1 million as of June 30, 2026, representing a 41.7% year-over-year growth. __________________________________