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.
For further insights into THCH stock, check out TipRanks’ Stock Analysis page.
