TH International (THCH) has released an update.
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TH International Limited, known as Tims China, reported a positive financial performance for the first quarter of 2024, with a 3.1% increase in total revenues and a 7.1% rise in system sales year-over-year. The company saw a significant growth in its loyalty club memberships, boasting a 63.6% increase, and marked its continuous improvement in store-level profitability. This reflects Tims China’s sustained growth momentum and its strategic focus on product innovation and operational efficiency.
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