Jun. 24 at 12:28 PM
$THCH
Store contribution margin improved by 5.9 percentage points to 6.7%
Loyalty club membership grew 25.7% YoY to 25.1 million members
System sales increased 3.5% YoY to RMB376.3 million
Food and packaging costs decreased by 4.3 percentage points
Adjusted corporate EBITDA losses reduced by nearly 50%
Franchise business expanded from 302 to 455 stores YoY
Total revenues decreased 9.5% YoY to RMB300.7 million
Same-store sales declined 6.5% for company-owned stores
Order volume decreased 14.0% to 8.8 million
Average ticket size decreased 1.9% YoY
Operating loss of RMB85.3 million
Net loss of RMB58.9 million in Q1 2025
