Tims China Q2 Revenue Plunges 21.7% as Store Closures and Same-Store Sales Slide
THCH sits 37% above its 52-week low of $1.24 on elevated volume (3.6× avg).
Summary
Tims China reported Q2 2026 total revenues of RMB273.4 million (USD40.3 million), down 21.7% year-over-year, driven by a 17.3% decline in same-store sales and a net reduction in store count. Company-owned store contribution margin fell to 5.7% from 9.6% a year ago, and fully burdened gross profit swung to a loss of RMB7.2 million. Management attributed the weakness to proactive closures of underperforming stores and tough comparisons against last year's delivery performance. The company closed the first $15.8 million tranche of convertible notes from THRI in July 2026, providing liquidity to fund innovation, marketing, and a more balanced store network strategy. Loyalty membership grew 41.7% to 37.1 million, which management cites as a foundation for future growth. This follows Q1's 14.6% revenue decline and a $55 million convertible note facility secured in June.
At the time of this announcement, THCH was trading at $1.70 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $54.5M. The 52-week trading range was $1.24 to $3.25. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.