Tims天好中国发布财报：一季度总营收超3亿元，门店覆盖达84城

Core Viewpoint - Tim Hortons China reported a strong performance in Q1 2025, with total revenue reaching 300.7 million RMB and system sales at 376.3 million RMB, indicating a solid growth trajectory in the Chinese market [1] Group 1: Financial Performance - The company's Q1 revenue was 300.7 million RMB, with system sales of 376.3 million RMB [1] - Self-operated stores contributed 17.15 million RMB, with a contribution rate of 6.7%, showing a year-on-year growth of 5.9% [1] - Other income for Q1 was 46 million RMB, a 28.6% increase from 35.8 million RMB in the same period last year, with profit from other income rising by 34.5% [2] Group 2: Store Expansion - The total number of stores reached 1,024, with 569 self-operated and 455 franchised stores, covering 84 cities across China [1] - The number of franchised stores increased by 153 from 302 in the previous year, averaging one new franchise opening every two days [1] - Seven new special channel franchise stores were opened in Q1, located in major transportation hubs such as airports [2] Group 3: Operational Efficiency - The company achieved a nearly 50% reduction in adjusted EBITDA losses, indicating improved profitability [3] - Self-operated store costs and expenses decreased by 19.0% compared to the previous year, with food and packaging costs down by 24.6% [2] - Marketing expenses at the headquarters level decreased by 11.8% as brand influence expanded [2] Group 4: Strategic Initiatives - The CEO emphasized the importance of innovation and execution to tailor products to changing consumer preferences in 2025 [3] - The company aims to leverage the recovery in national consumption and further advance its franchise strategy to achieve sustainable growth [3]