Tims China narrows net loss in Q1 2025, revenue decreases with closures

From Yahoo Finance: 2025-06-26 11:19:00

Tims China (Tim Hortons China) reduced its net loss in Q1 2025 to 58.9m yuan ($8.1m) from 142.8m yuan in Q1 2024. Adjusted EBITDA losses also dropped to 29.3m yuan ($4.0m) from 52.3m yuan. Company-owned store costs fell by 19% to 257.2m yuan ($35.4m), contributing to a total revenue decrease of 9.5% to 300.7m yuan ($41.4m).

Revenues from company-owned stores dropped 14%, but other revenues increased by 28.6%. Two new stores opened, while seven closed, with a net of nine franchised store openings. System sales rose 3.5% to 376.3m yuan ($51.9m), and loyalty club membership grew by 25.7% to 25.1 million members.

Tims China CFO Dong Li noted improvements in store contribution margin and adjusted EBITDA margin. Food and packaging costs, labor costs, and other expenses decreased. The first store in Nanchang, Jiangxi Province, China opened in early 2025.



Read more at Yahoo Finance: Tims China net loss narrows in Q1 2025 and revenues fall on closures