TH International (NASDAQ:THCH) Posts Earnings Results

Key Points

• TH International reported a quarterly loss of ($0.17) earnings per share, reflecting challenges in its operations.
• The company's shares increased 0.8% to open at $2.49 after the earnings announcement.
• TH International operates Tim Hortons coffee shops across mainland China, Hong Kong, and Macau, offering a variety of beverages and franchise services.

TH International (NASDAQ:THCH - Get Free Report) released its earnings results on Tuesday. The company reported ($0.17) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.17), Zacks reports. The firm had revenue of $48.72 million during the quarter, compared to analysts' expectations of $53.98 million.

TH International Stock Performance

NASDAQ:THCH traded down $0.02 during trading hours on Friday, reaching $2.53. The stock had a trading volume of 22,037 shares, compared to its average volume of 23,577. The stock has a 50 day simple moving average of $2.79 and a 200 day simple moving average of $2.82. TH International has a 12-month low of $1.95 and a 12-month high of $5.15. The stock has a market cap of $83.78 million, a P/E ratio of -1.66 and a beta of 0.54.

TH International Company Profile

TH International Limited operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The company offers brewed tea, coffee, milk tea, lemonade, hot chocolate, and coffee drinks. It is also involved in franchise related business. The company is based in Shanghai, the People's Republic of China.