TH International Limited Ordinary shares (THCH)
TH International Limited, also known as Taco Bell China, is a leading quick-service restaurant chain specializing in Mexican-inspired cuisine. It operates through a network of outlets across China, offering a variety of tacos, burritos, and other menu items. The company aims to adapt its offerings to local tastes while maintaining the core qualities of its global brand.
Company News
Tims China has entered into an agreement to issue senior secured convertible notes worth approximately $89.9 million, which will be used to repurchase existing convertible notes. The transaction includes extending the maturity of existing notes and is expected to close in Q4 2025.
TH International Limited reported positive Q2 2024 financial results, with food revenue increasing 8.6%, system sales growing 1.4%, and returning to positive adjusted corporate EBITDA. The company expanded its franchise model, launched new menu items, and saw loyalty club membership grow to 26.2 million.
TH International is shifting its expansion strategy from company-owned to franchised stores. Click here to see why THCH stock is a Buy.
Gainers NeoGames S.A. (NASDAQ: NGMS) shares climbed 113.3% to $27.38 as the company agreed to be acquired by Aristocrat Leisure Limited for $29.50 per share in cash. 1847 Holdings LLC (NASDAQ: EFSH) gained 64.5% to $0.9050 after the company reported a 27.6% increase in revenue to $15.4 million and achieved profitability for the first quarter. Ha...
Penny stocks to watch this month. The post Penny Stocks To Buy Now? 4 To Watch In April appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.