Tims天好中国2024年净亏损收窄 CEO卢永臣：同店销售额2025年目标是实现正增长

Core Insights - Tims China is at a critical turning point towards achieving EBITDA breakeven for the year, with profit growth being the core focus of its operations [1] Financial Performance - In Q4 of the previous year, Tims China reported total revenue of 333 million yuan, a year-on-year decline of 12%, and a net loss of 132 million yuan, significantly reduced from a loss of 311 million yuan in the same period last year [1] - For the entire year, the company achieved total revenue of 1.391 billion yuan, a year-on-year decrease of 10.8%, with a net loss of 409 million yuan, also a significant reduction [1] Store Expansion - In Q4, Tims China added a net of 76 stores, comprising 12 self-operated and 64 franchised stores, bringing the total number of stores to 1,022 by December 31, 2024, with 576 self-operated and 446 franchised stores across 82 cities [1] Same-Store Sales - Same-store sales for the entire system in Q4 declined by 13.3% year-on-year, although the rate of decline has narrowed compared to Q3 [2] - The CEO noted that fluctuations in same-store sales reflect short-term uncertainties in the Chinese economy and consumer sentiment, but the market has significant growth potential in the medium to long term [2] Future Outlook - Tims China is not solely focused on coffee, as there is strong growth in demand for freshly made healthy food [2] - Since October 2024, same-store sales have shown signs of improvement, with a target for positive year-on-year growth in 2025 [2] Coffee Bean Supply and Costs - The company benefits from a stable and cost-effective coffee bean supply through the RBI Group's global supply system and has begun sourcing locally from Yunnan [2] - Coffee bean costs account for less than 14% of total costs, indicating that the impact of fluctuating coffee bean prices on overall expenses is limited [2]