TH International (THCH) - 2023 Q2 - Quarterly Report

Exhibit 99.1 Tims China Announces First Quarter 2023 Financial Results Total Revenues Increased 49.8% Year-over-Year for the First Quarter 2023 31 Net New Store Openings in the First Quarter, 648 System-Wide Stores at Quarter-End 12.4 Million Registered Loyalty Club Members at Quarter-End, Represents 79.3% Year-over-Year Growth Adjusted Store EBITDA Margin Increased 13.8 Percentage Points from the First Quarter 2022 to 1.9% Continued Recovery: 8.0% Same-store Sales Growth for Company Owned and Operated Stor ...