TH International (THCH)
NASDAQ:THCH
Earnings Data
Report Date
Jun 03, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.26Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys a cautiously optimistic outlook: operational momentum in 2025 included system sales growth (+7.6% full year), significant loyalty expansion (+29% YoY to 31M members), strong product innovation contributions (>25% of top line), franchise interest and pipeline strength, and corporate-level margin improvements (adjusted EBITDA). These positives are tempered by near-term headwinds — a Q4 revenue decline (-7.3% YoY), system-wide same-store sales contraction (-2.4% in 2025) and delivery-related margin pressure that compressed company-owned store contribution margins (7.0% vs 7.4% prior year). Liquidity dipped year-over-year and the company engaged in notable financing actions. Management positions 2025 as a transition year focused on pruning underperforming stores and improving unit economics, and they set targets for further cost reductions and at least 100 net store openings in 2026. Overall, the call highlights recovery and structural improvements but acknowledges meaningful near-term operational and competitive challenges.Company Guidance
Full-Year System Sales Growth
Total system sales reached RMB 1.57 billion in 2025, a 7.6% increase versus 2024, driven by expansion to 1,047 stores across 92 cities and 25 net new store openings in 2025.
Strong Loyalty and Customer Engagement
Registered loyalty members exceeded 31 million as of Dec 31, 2025, representing 29% year-over-year growth; average members per store surpassed 29,600, and monthly average transacting customers in Q4 rose 14.3% YoY to 3.43 million.
Digital and Delivery Momentum
Digital orders increased to 89.3% of total orders in Q4 2025 (from 86.1% in Q4 2024); total delivery orders rose 33.7% YoY in Q4 2025, supporting system sales momentum (Q4 system sales up 4.0% YoY to RMB 359.4 million).
Product Innovation and Mix Improvement
Launched 178 new products in 2025 (96 beverages, 82 food) that contributed over 25% of top-line sales; non-coffee beverages rose to ~18.3% of beverage cups (from 14% in 2024); cumulative bagel and bagel sandwich sales exceeded 80 million.
Franchise Pipeline and Expansion
Since launching individual franchise business in Dec 2023, received over 10,000 applications and opened 300+ franchise stores by year-end 2025; franchised store count increased from 446 to 485 YoY, and company targets net openings of at least 100 stores in 2026.
Profitability and Margin Improvements (Corporate)
2025 adjusted corporate EBITDA margin improved (management cited a full-year improvement of 1 percentage point and a Q4 YoY improvement of 3.3 percentage points), driven by operational efficiencies, supply-chain optimization and cost controls.
Unit Economics for New Store Vintages
2024-vintage company-owned stores generated nearly 15% store contribution margin in 2025 with expected payback periods of 2–3 years; newer stores (2024/2025) expected to have similar unit economics.
Cost Efficiency Gains
Full-year food and packaging costs as a percentage of company-owned store revenues decreased by 1.4 percentage points (31.5% to 30.1%); store labor and other operating expenses improved by 0.8 and 0.1 percentage points respectively; adjusted G&A as % of revenues decreased by 7.4 percentage points (partly from a RMB 9.7 million reduction in credit losses).
THCH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
THCH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 14, 2026 | $2.16 | $2.07 | -4.17% |
Dec 09, 2025 | $2.65 | $2.54 | -4.15% |
Aug 26, 2025 | $2.49 | $2.58 | +3.61% |
Jun 24, 2025 | $2.76 | $2.83 | +2.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does TH International (THCH) report earnings?
TH International (THCH) is schdueled to report earning on Jun 03, 2026, After Close (Confirmed).
What is TH International (THCH) earnings time?
TH International (THCH) earnings time is at Jun 03, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is THCH EPS forecast?
Currently, no data Available