Tims China Announces First Quarter 2026 Financial Results

<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="center"><em>35.9 Million Registered Loyalty Club Members at Quarter-End,</em><br /><em>Representing 42.9% Year-over-Year Growth</em></p> <p align="justify">SHANGHAI and NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/THCH" rel="nofollow">THCH</a>), the parent company of the exclusive master franchisees of Tim Hortons coffee shops in China ("Tims China" or the "Company") today announced its unaudited financial results for the first quarter 2026.</p> <p align="justify"><strong>FIRST QUARTER 2026 HIGHLIGHTS</strong></p> <ul type="disc"> <li style="text-align:justify;"><strong>Total revenues</strong> of RMB256.7 million (USD37.2 million), representing a 14.6% decrease from the same quarter of 2025.</li> </ul> <ul type="disc"> <li style="text-align:justify;"><strong>System sales</strong><sup>1</sup> of RMB322.9 million (USD46.8 million), representing a 14.2% decrease from the same quarter of 2025.</li> </ul> <ul type="disc"> <li style="text-align:justify;"><strong>Net new store closures</strong> totaled 21 (a net closure of 5 made-to-order ("MTO") stores and a net closure of 16 non-MTO stores, of which 7 were Tims Express stores).</li> </ul> <ul type="disc"> <li style="text-align:justify;"><strong>Company owned and operated store contribution</strong>&