TH International (NASDAQ:THCH) Announces 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 quarterly earnings data on Tuesday. The company reported ($0.17) earnings per share for the quarter, hitting the consensus estimate of ($0.17), Zacks reports. The firm had revenue of $48.72 million for the quarter, compared to the consensus estimate of $53.98 million.

TH International Stock Up 2.8%

TH International stock traded up $0.07 during midday trading on Thursday, hitting $2.54. 4,822 shares of the stock were exchanged, compared to its average volume of 25,443. The company has a fifty day simple moving average of $2.79 and a two-hundred day simple moving average of $2.82. TH International has a 52 week low of $1.95 and a 52 week high of $5.15. The stock has a market capitalization of $84.28 million, a PE ratio of -1.67 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.