TH International (THCH) has released an update.
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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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