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TH International releases transcript of Q4 and full-year 2025 earnings call

PUBT·04/15/2026 09:58:46
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TH International releases transcript of Q4 and full-year 2025 earnings call
  • TH International management outlined FY 2025 results on April 14, 2026, with CEO Yongchen Lu and CFO Albert Li speaking; Q&A included Argus Research’s Steve Silver and TF Securities’ Fuli He.
  • System sales rose 7.6% in 2025 to RMB 1.57 billion, with 25 net new stores taking network to 1,047 stores across 92 cities.
  • Management guided for at least 100 net new store openings in 2026, while continuing to prune underperforming locations.
  • Company-owned store contribution margin slipped to 7% in 2025 from 7.4%, with management targeting margin resilience via delivery-platform negotiations and higher delivery pricing.
  • Food and packaging costs fell to 30.1% of company-owned revenue in 2025 from 31.5%, with a target to cut a further 1-2 percentage points in 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TH International Ltd. published the original content used to generate this news brief on April 15, 2026, and is solely responsible for the information contained therein.