THCH TH International (THCH) Q1 FY26 earnings call
Tims China navigated a seasonal slowdown and intense competition in Q1 FY26 by strategically pruning underperforming stores and moderately reducing promotions, shifting focus to quality growth. The company saw strong franchise development and product innovation, alongside significant loyalty member growth. A leadership transition is underway, with a new CEO set to drive the next phase of expansion and profitability.
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THCH operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Loyalty program members | 35.9M+As of March 31, 2026, our registered loyalty club members exceeded 35.9 million, reflecting a remarkable 42.9% year-over-year growth.Source: earnings call transcript | 37.1M+As of June 30, 2026, our registered loyalty club members exceeded 37.1 million, reflecting a remarkable 41.7% year-over-year growth.Source: earnings call transcript | — |
| Stores Company-owned and operated | 541Rental and property management fees were RMB 47.2 million (USD 6.8 million) for the 3 months ended March 31, 2026, representing a decrease of 16.2% from RMB 56.3 million in the same quarter of 2025, which was in line with the revenue trend as the number of our company-owned and operated stores decreased from 569 as of March 31, 2025, to 541 as of March 31, 2026.Source: earnings call transcript | 544Rental and property management fees were RMB 47.9 million in 2026 representing a decrease of 15.6% from RMB 56.8 million in the same quarter of 2025, which was primarily due to a decrease in the number of our company owned and operating stores from 566 of June 30, 2025 to 544 as of June 30, 2026.Source: earnings call transcript | +0.6% |
| Total orders Delivery | 4.9MDelivery costs were RMB 27.3 million (USD 4.0 million) for the 3 months ended March 31, 2026, representing an increase of 1.0% from RMB 27.0 million in the same quarter of 2025, which was in line with the 8.9% increase in delivery orders from 4.5 million in the first quarter of 2025 to 4.9 million in the same quarter of 2026, partially offset by a reduction in average delivery cost per order.Source: earnings call transcript | 7.2MDelivery costs were RMB 28.9 million in 2026, representing a decrease of 13.3% from RMB 33.3 million in the same quarter of 2025, which was in line with the 11.9% decrease in delivery orders from 8.2 million in the second quarter of 2025 to 7.2 million in the same quarter of 2026.Source: earnings call transcript | +46.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
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