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Stock impact report

Tims China Announces Fourth Quarter and Full Year 2023 Financial Results

TH International Limited (THCH) 
Company Research Source: GlobeNewswire
Total Revenues Increased 29.8% Year-over-Year for the Fourth Quarter,55.9% Year-over-Year Growth for the Full Year 2023 149 Net New Store Openings During the Fourth Quarter,912 System-Wide Stores at Year-End 2023 18.7 Million Registered Loyalty Members at Year-End,Representing 66.3% Year-over-Year Growth SHANGHAI, China and NEW YORK, April 18, 2024 (GLOBE NEWSWIRE) -- TH International Limited (Nasdaq: THCH), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China (“Tims China” or the “Company”) today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023. FOURTH QUARTER 2023 HIGHLIGHTS Total revenues reached RMB391.2 million (USD55.1 million), representing a 29.8% increase from the same quarter of 2022. Net new store openings totaled 149 (34 company owned and operated stores and 109 franchised st Show less Read more
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