
Daily Coffee Report 8/11/26
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By: Alexis Rubinstein, Managing Editor - Coffee Network
CoffeeNetwork (New York) - TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, reports 27% system-wide same-store sales growth in June, driven by increasing customer traffic across its network.
Augmenting its robust same-store sales growth, Tims China accelerated its franchising strategy to fuel profitable growth as it aims to enter at least 40 new cities across China in 2023. Franchising drives capital-efficient growth at attractive locations with established local partners. Of the net new restaurants opened this year, 70% are franchised with high-quality partners in a variety of locations, including convenience stores, real estate agency offices, and appliance stores.
Tims China has also aggressively deployed its “Tims Express” store format for new stores. Designed to be compact and efficient while maintaining Tims China’s signature warmth and vibrant atmosphere, the shops typically occupy an area of 20 square meters, allowing significant flexibility in positioning. The flexibility of this format helps Tims China drive absolute convenience, building density in our network, particularly in high-traffic areas where larger spaces are unavailable.
The expansion of Tims Express is significantly driven by the company’s partnership with Sinopec’s Easy Joy, China’s largest convenience store network with over 27,800 locations. There are currently 46 Easy Joy Tims Express stores, which leaves significant potential for further growth. The partnership allows Tims China to serve its guests while they are driving (as most Easy Joy shops are co-located with gas stations), thus enabling the company to connect in yet another occasion of guests’ daily lives. In addition to driving growth of the Tims Express format, this powerful partnership includes a previously announced collaboration to develop co-branded ready-to-drink beverages that will be available for purchase across the Easy Joy network.
Tims has opened 12 Express coffee shops to date located within Century 21 China Real Estate offices in Chengdu, Suzhou, Beijing, and Shanghai. The stores mark the beginning of a collaboration to co-locate Tims coffee shops inside Century 21 offices with attractive street-level locations and high foot traffic. With 10,000 offices across over 170 cities in China, Century 21 is a prominent real estate brand focusing on the residential market. The Tims Express shops offers a convenient, high-quality coffee experience to consumers in search of housing or simply wishing to stop in for a good cup of coffee.
On March 14, 2023, Tims China and Haier signed a strategic partnership to open Tims Express shops within selected Sanyiniao stores. Sanyiniao is a Haier Smart Home brand. There are currently three Tims Express stores co-located with Sanyiniao stores in Shanghai, with many more planned for the future.
Tims China’s most recent franchise partnership, announced in May 2023 with Ling Ka (an affiliate of a real estate developer and hotel operator), will bring Tims high quality coffee products to hotel lobbies across China. Our first store in this partnership is located in the lobby of the Courtyard by Marriott in Hangzhou.
Alexis Rubinstein
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Daily coffee report


August 11 – It was generally a quiet night for the markets until early this morning when a headline hit that Iran and Oman were close to reaching a deal. Stock futures rallied, while the dollar index followed Treasury yields lower, along with active selling in the energy- and food-based commodities. The headline had limited impact though in a world that has become skeptical of promises of peace. Stock futures remain steady to firmer at this hour, while the VIX trades near 16 – just above 2026 lows. The dollar index is trading near 99.8 this morning, after recovering from its early morning selloff over the following hour of trade. Yields on 10-year Treasuries are trading near 4.69%, while yields on 2-year Treasuries trade near 4.22%. WTI crude oil is trading near $82 per barrel at this hour, while Brent trades near $88. The grain and oilseed markets are mostly weaker, after failing to recover from this morning’s early selloff that started in the crude oil market.


Daily coffee report

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