TH International Limited ("Tims China"), the exclusive operator of Tim Hortons coffee shops in China, has announced the scheduled release of its second quarter 2026 financial results. The results will be made available before the U.S. market opens on Tuesday, August 18, 2026.

Conference Call and Webcast Details

Following the release of the financial results, the Company will host a conference call to discuss the findings. Key details of the event are outlined below:

Participants are encouraged to pre-register for the conference call in advance using the pre-registration link provided by the Company.

About TH International Limited

TH International Limited is the parent company of the exclusive master franchisees of Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The Company's philosophy is rooted in world-class execution and data-driven decision making, centered around local relevance, continuous innovation, genuine community, and absolute convenience.

It is noted that the TIM HORTONS® brand and related trademarks are used by Tims China pursuant to a franchise agreement with Tim Hortons Restaurants International GmbH and its affiliates. These entities are entirely separate and distinct from Tims China and its subsidiaries, and no such entity exercises control over the business, operations, finances, or management of Tims China, nor bears responsibility for any of its obligations or liabilities.

TH International Limited (NASDAQ: THCH) reported a 14.6% decrease in total revenues to RMB256.7 million for the first quarter ended March 31, 2026, while narrowing its net loss to RMB109.3 million compared to RMB58.9 million in the prior year. The company is shifting its strategy from expansion to improving store quality, with plans to resume net new store openings starting from the second quarter of 2026. To support this transition, TH International entered into a definitive agreement for up to $55 million in additional senior secured convertible notes with its brand owner, THRI.

Financial Performance

System sales fell 14.2% year-over-year to RMB322.9 million, driven by a strategic adjustment to prune underperforming stores and a 13.2% decline in same-store sales. Company owned and operated store contribution was RMB3.7 million, down from RMB17.2 million in the prior year, with a contribution margin of 1.8%. Cost optimization measures reduced food and packaging costs by 2.0 percentage points to 28.4% of revenues, while marketing expenses decreased 43.7% to RMB9.8 million. Adjusted corporate EBITDA margin was negative 11.8%.

Operational Metrics

Net new store closures totaled 21 in the first quarter, bringing total stores to 1,026 as of March 31, 2026. Franchised stores increased to 485 from 455 in the prior year, contributing to a 7.7% year-over-year increase in other revenues to RMB49.5 million. The company reported strong performance from 2024 and 2025 vintage stores, with contribution margins in the mid-teens to high teens, particularly in tier-one cities and special channels like railway stations.

Registered loyalty club members grew 42.9% to 35.9 million, with nearly 50% of transacting members under the age of 30. The company received over 10,500 applications for its individual franchise business since its launch in December 2023, successfully opening nearly 260 stores by the end of March 2026. Effective June 15, 2026, Yongchen Lu will transition to the role of Chairman, with Zhong Chen appointed as the new CEO.