Tims天好中国发布Q2业绩：营收3.49亿元，全国门店数达1015家

Core Insights - Tims China reported Q2 2025 revenue of 349 million yuan, with system sales increasing by 1.4% to 409.5 million yuan, driven by stable cash flow and profitability from franchising and retail operations [1][2] - The company launched 43 new products in Q2, including 28 beverages and 15 food items, leading to an 8.6% increase in food revenue, which now accounts for 35.2% of total revenue, a record high [1] Financial Performance - In the first half of 2025, self-operated stores saw profit margins and adjusted EBITDA margins increase by 2.7 percentage points and 2.8 percentage points, respectively [1] - Other business revenue grew by 50.7%, and profits from other business segments increased by 110.3% year-on-year [1] Membership and Store Expansion - As of June 30, 2025, Tims China had 26.19 million registered members, a 22.4% year-on-year increase, with an average of over 25,800 members per store [2] - The total number of franchise stores reached 449, a 35% increase from 333 stores in the same period last year, bringing the total store count to 1,015 across 90 cities [2] Strategic Focus - The CEO emphasized that profit growth is the core focus for 2025, with ongoing improvements in operational efficiency and store-level economics [2] - The differentiation strategy of "coffee + fresh prepared meals" is becoming increasingly prominent, contributing to store revenue growth and cost control through scale advantages and refined operations [2]