Earnings ·
TH International Limited reported unaudited second quarter 2026 financial results showing total revenues of RMB273.4…
THCHTH International Ltd
TH International Limited reported unaudited second quarter 2026 financial results showing total revenues of RMB273.4 million, a 21.7% decrease from the prior year period. System sales fell 15.1% to RMB347.8 million as same-store sales growth declined to -17.8%. The company recorded a net loss of RMB97.4 million compared to RMB75.9 million in the previous quarter, driven by an operating loss of RMB58.1 million and a RMB34.9 million loss from changes in fair value of convertible notes. Company owned store contribution margin contracted to 5.7% from 9.6%. Net new store openings totaled two, with 15 made-to-order stores opened against 13 non-made-to-order closures. The company also announced the launch of a joint membership campaign with China Southern Airlines on August 13, 2026. TH International Limited operates as the exclusive master franchisee for Tim Hortons coffee shops in mainland China, Hong Kong and Macau.