Business Performance - Tims China's total store count reached 1,024 in Q1 2025, a 13% increase year-over-year compared to 906 in Q1 2024[13] - The company opened 2 net new stores in Q1 2025, a 50% decrease compared to 4 in Q1 2024[13] - Registered loyalty club members increased to 251 million in Q1 2025, a 257% increase year-over-year from 200 million in Q1 2024[13] - Digital orders accounted for 863% of revenues from company-owned stores in Q1 2025, a 27 percentage point increase from 836% in Q1 2024[13] - Total revenues decreased by 95% to RMB 3007 million in Q1 2025, compared to RMB 3321 million in Q1 2024[13] - System sales increased by 35% to RMB 3763 million in Q1 2025, compared to RMB 3635 million in Q1 2024[13] - Revenues from company-owned stores decreased by 14% to RMB 2548 million in Q1 2025, compared to RMB 2964 million in Q1 2024[13] - Same-store sales growth for company-owned stores was -65% in Q1 2025, a 52 percentage point increase from -117% in Q1 2024[13] Financial Metrics - Company owned and operated store contribution margin improved to 67% in Q1 2025, compared to 08% in Q1 2024[12] - Adjusted corporate EBITDA margin improved to -97% in Q1 2025, compared to -158% in Q1 2024[12] Franchise Expansion - Revenues from sub-franchise business were RMB 424 million in Q1 2025[42]
TH International (THCH) - 2025 Q1 - Earnings Call Presentation