TH International Marks First EBITDA Profit

TH International (THCH) has released an update.

TH International Limited, operating Tim Hortons coffee shops in China, has reported its financial results for Q2 2024, highlighting its first-ever quarterly adjusted corporate EBITDA profitability. The company saw a slight increase in system sales despite a decrease in total revenues, and a significant improvement in adjusted store EBITDA margin to 10.3%. The CEO and CFO emphasized the company’s focus on profitable growth through optimizing store economics and a growing franchise network.

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