Tims China’s third quarter revenue reached 360 million, with 946 stores nationwide

Tims China’s third quarter The financial report shows that the company’s third-quarter operating income reached 360 million yuan, and the adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) at the self-operated store level was 39.92 million yuan, a year-on-year increase of 37.6%, and the adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) rate was 13.3%, a quarterly record high. At the same time, Tims China’s third-quarter adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was 2 million yuan, turning positive for two consecutive quarters, continuing its profit track.

In terms of store expansion

Tims China has deepened its partnership franchising efforts and opened single-store franchising nationwide (except for special areas), expanding coverage of new cities such as Harbin, Shijiazhuang, Yancheng, Dongying, Heze, and Huangshi. As of September 30, 2024, the total number of single-store franchising stores opened has reached 43, covering 13 provinces, and the number of Tims China stores nationwide has reached 946, covering 77 cities.

On the evening of November 12, Gao Xin Retail risk managers mailing lead released its interim results report for the fiscal year 2025 ending September 30, 2024.

The announcement shows that as of September Tims China’s third quarter 30, Sun Art Retail Group achieved a total revenue of 34.008 billion, down 2.96% from 35.768 billion. Compared with the annual revenue decline of 13.3%, the decline has also been greatly narrowed. The net profit attributable to the company’s shareholders was 206 million, up 157.4% from -359 million, and the profitability has greatly improved.

From th perspective of revenue structure

The merchandise sales revenue Tims China’s third quarter during the adult seo services in florida reporting period was 33.186 billion, down 1.039 billion from 34.225 billion, a decrease of 3.0%. The main reasons for the decline include the closure of long-term loss-making stores and the contraction of supply chain businesses such as Taobao and Tmall’s shared inventory business.

However, excluding the sales of supply chain business products

Same-store sales increased by 0.3%. The growth mainly 1000 mobile phone numbers came from the increase in average order value. The low-price strategy and product strategy improved user awareness, drove an increase in pen units, and improved user stickiness. At the same time, offline revenue performance gradually recovered and stabilized, and new online channels and proprietary apps became the main driving force for same-store sales growth.