Tims China Reports Second Quarter 2026 Revenue Decline and Wider Loss

Earnings

โดย GlobeNewswire·

Summary · why it matters

Tims China announced its unaudited financial results for the second quarter of 2026, with total revenues falling 21.7% year-over-year to RMB273.4 million (USD40.3 million) and net loss widening to RMB97.4 million (USD14.4 million) from RMB75.9 million a year earlier. The company attributed the revenue decline to proactive closures of underperforming stores and a 17.3% drop in same-store sales for company owned and operated stores, while net new store openings totaled just two as it closed 13 non-MTO stores and opened 15 MTO stores. Registered loyalty club members grew 41.7% year-over-year to 37.1 million, and the company said it closed an initial tranche of US$15.8 million in additional senior secured convertible notes issued to Tim Hortons Restaurants International GmbH in July 2026. Tims China also announced a joint membership campaign with China Southern Airlines launched on August 13, 2026.