TH International (NASDAQ:THCH) Posts Earnings Results, Hits Expectations

Posted by Stanley Muller on Aug 19th, 2026

TH International (NASDAQ:THCH – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.25) earnings per share for the quarter, meeting the consensus estimate of ($0.25), FiscalAI reports. The business had revenue of $40.24 million during the quarter, compared to the consensus estimate of $42.14 million.

Here are the key takeaways from TH International’s conference call:

Q2 results deteriorated sharply: revenue fell 21.7% year over year to RMB207.4 million, system sales declined 15.1%, and same-store sales dropped 17.8% as transactions fell, delivery subsidies receded, and marketing was underspent.
Profitability weakened despite cost reductions, with company-operated store contribution margin declining to 5.7% from 9.6% and adjusted corporate EBITDA margin turning negative at 7.6%, versus positive 0.6% a year earlier.
The company closed the initial tranche of a planned $55 million financing from Tim Hortons’ brand owner, providing funds for product innovation, increased marketing, and a more balanced mix of company-operated and franchise stores.
New CEO John Chen outlined a turnaround focused on improving core coffee, breakfast, bakery, and afternoon offerings; strengthening marketing, CRM, service, and operations; closing underperforming locations; and selectively expanding in top-tier cities and high-traffic channels.
Loyalty club membership exceeded 37.1 million, up 41.7% year over year, while food and packaging costs as a percentage of company-operated-store revenue improved by 1.8 percentage points to 28.3%.

TH International Price Performance

NASDAQ THCH opened at $1.38 on Wednesday. TH International has a 1 year low of $1.24 and a 1 year high of $3.25. The firm has a market cap of $45.88 million, a price-to-earnings ratio of -0.65 and a beta of 0.50. The company has a fifty day moving average price of $1.71 and a 200-day moving average price of $1.89.

Institutional Inflows and Outflows

A hedge fund recently raised its position in TH International stock. Susquehanna International Group LLP boosted its position in TH International Limited (NASDAQ:THCH – Free Report) by 170.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 29,743 shares of the company’s stock after purchasing an additional 18,731 shares during the period. Susquehanna International Group LLP owned about 0.09% of TH International worth $78,000 as of its most recent SEC filing. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TH International in a report on Friday, July 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on TH International

TH International Company Profile

(Get Free Report)

TH International Limited operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The company offers brewed tea, coffee, milk tea, lemonade, hot chocolate, and coffee drinks. It is also involved in franchise related business. The company is based in Shanghai, the People's Republic of China.