THCH · NASDAQ · Restaurants

Tims China

Operates Tim Hortons cafés across mainland China, Hong Kong, and Macau.

$1.28
After-hours close−0.02 (−1.54%)
At close$1.30(+2.31%)
Loading prices…

Profile

TH International LimitedTHCHConsumer Discretionary

Operates Tim Hortons cafés under exclusive master-franchise rights across mainland China, Hong Kong, and Macau. Coffee, tea, baked goods, sandwiches, and sides are sold through company-operated and sub-franchised stores; the business operates only the Tim Hortons segment after its Popeyes China disposal.

Operates the exclusive Tim Hortons master franchise across mainland China, Hong Kong, and Macau. Its one reportable segment sells coffee, tea, other beverages, bakery items, sandwiches, and sides through company-operated and sub-franchised stores.

Independent operators run the sub-franchised locations and pay monthly fees based on gross sales, alongside franchise-support revenue. The offer connects coffee with freshly prepared food and a digitally supported loyalty base.

Following the disposal of Popeyes China, Tim Hortons is the sole reportable segment. Growth depends on attracting capable sub-franchisees and on their ability to open stores in existing and new markets.

Company facts

CEOKwok Wah Cheung
ListedSep 29, 2022
ExchangeNASDAQ
HeadquartersShanghai, China
CountryChina
Employees1,544
CIK0001877333
ISINKYG8656L1308

Key statistics

Market cap$41.6M
EPS (ttm)−$2.31
P/E (ttm)−0.5629
ROE40.2%
P/B−0.2009
P/S0.2352
Dividend yield
Beta0.28vs XLY −0.82

Year to date −48.4% · Average volume (30d) 11.6K

Analysts

No analyst consensus on record.

Earnings

EPS

Estimate−$0.24
ReportedDue Nov 18, 2026

Revenue

Estimate$46.4M
ReportedDue Nov 18, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 18, 2026Q2 FY26−$0.25−$0.44−77.1%$42.1M$40.3M−4.5%−18.82%
Jun 9, 2026Q1 FY26−$0.21−$0.49−134.6%$46.4M$37.2M−19.7%−2.78%
Apr 14, 2026Q1 FY26−$0.19−$1.00−426.9%$51.2M$35.5M−30.6%+6.28%
Dec 9, 2025Q3 FY25−$0.14−$0.23−59.0%$55.5M$50.3M−9.4%−2.76%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$44.7M$51.9M$53.3M$45.3M$38.0M$40.6M
Gross profit$6.6M$9.0M$9.3M$1.4M$836.3K$2.3M
Operating income−$10.6M−$5.7M−$8.2M−$12.8M−$9.8M−$8.2M
Net income−$8.6M−$11.2M−$10.8M−$33.5M−$16.3M−$14.5M
Diluted EPS−$0.26−$0.35−$0.33−$1.03−$0.50−$0.44
Gross margin14.8%17.2%17.4%3.1%2.2%5.7%
Operating margin-23.6%-10.9%-15.5%-28.2%-25.8%-20.1%

Fiscal years (4-quarter sums)FY21 $98.3M · FY22 $150.4M · FY23 $234.1M · FY24 $207.0M · FY25 $195.2M

Revenue by product · FY25

Franchise$5.4M · 100%

Balance sheet, Jun 30, 2026Cash & short-term investments $18.0M · Total debt $294.3M · Total assets $153.0M · Shareholders' equity −$210.4M

Dividends

No dividends on record.

Ownership

Institutions 10.52%3.37M sharesInsiders 51.85%16.61M sharesOther 37.63%12.06M shares

Shares outstanding 32.04M · Float 8.69M · 27.1% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Peter Michael Yu · director, 10 percent owner: 16.15M50.42%Form 4Apr 3, 2026
SC China Holding Ltd2.90M9.05%13FMay 15, 2026
Yongchen Lu · director, officer: Chief Executive Officer315.7K0.99%Form 4Mar 31, 2026
Zazove Associates LLC208.5K0.65%13FJun 18, 2026
Ho Cheung · director139.9K0.44%Form 4Apr 2, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

Peers

  • Starbucks

    Specialty coffee and cafe service in China

  • Yum China

    Coffee portfolio spanning KCOFFEE Cafes and Lavazza

CompareAfter-hours close

CompanyPriceChange
Tims China$1.28−1.54%$41.6M0.2−17.3%
Starbucks$108.15+0.30%$122.95B62.036.03.2−1.4%
Yum China$45.02−0.02%$15.72B16.614.21.3+12.6%
Median39.325.12.2+5.6%