China's TH International Q2 revenue falls on store closures
THCH•Outlook and key details
- Company plans to invest in innovation, marketing, and a balanced store network strategy.
- Tims China aims to regain market share and return to growth through strategic changes.
- Company sees loyalty program growth as a foundation to deepen engagement and support future growth.
| Metric | Actual |
|---|---|
| Q2 Revenue | RMB 273.40 mln |
| Q2 Adjusted Loss Per Share | RMB 1.69 |
| Q2 Loss Per Share | RMB 3 |
Revenue decline driven by closures, weaker orders
- Store closures - Co said revenue decline was mainly due to closures of underperforming stores and a reduction in company-owned locations.
- Weak same-store sales - Co cited a 17.3% yr/yr decline in same-store sales for company owned and operated stores as a key factor in lower revenue.
- Lower order volumes - Co reported a 20.7% yr/yr decrease in the number of orders, contributing to revenue decline.
Q2 revenue falls on store closures and weaker same-store sales
China coffee chain operator's Q2 revenue fell 21.7% yr/yr due to store closures and lower same-store sales.
Adjusted net loss per share widened from the prior year.
