Tims China Announces Third Quarter 2024 Financial Results
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TH International Limited (Nasdaq: THCH), the operator of Tim Hortons in China, reported its Q3 2024 financial results. The company achieved its highest-ever store contribution margin of 13.3% but saw a 17.1% decrease in total revenues compared to Q3 2023.
November 12, 2024 | 11:00 am
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TH International Limited reported a record store contribution margin of 13.3% in Q3 2024, but total revenues decreased by 17.1% compared to the same quarter in 2023.
The record store contribution margin is a positive indicator of operational efficiency, but the significant revenue decline suggests potential challenges in market demand or competition, likely leading to a negative short-term impact on the stock price.
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