Month: August 2024

Achieved First-ever Quarterly Adjusted Corporate EBITDA1 Profitability Generated Highest-ever Adjusted Store EBITDA Margin of 10.3% SHANGHAI and NEW YORK, Aug. 29, 2024 (GLOBE NEWSWIRE) — TH International Limited (Nasdaq: THCH), the exclusive operator of Tim Hortons coffee shops in China (“Tims China” or the “Company”), today announced its unaudited financial results for the second quarter 2024. SECOND QUARTER 2024 HIGHLIGHTSTotal revenues of RMB366.8 million (USD50.5 million), representing a 10.9% decrease from the same quarter of 2023.System sales2 of RMB403.8 million (USD55.6 million), representing a 1.6% increase from the same quarter of 2023.Net new store openings for franchised stores totaled 31 for the quarter (one systemwide net new store opening, as certain company-owned underperforming stores were closed and we...

BROOKFIELD, Conn., Aug. 29, 2024 (GLOBE NEWSWIRE) — Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today reported financial results for its third quarter of fiscal year 2024 ended July 28, 2024. “Market softness in some segments during the quarter impacted photomask demand, reducing both IC and FPD revenue,” said Frank Lee, chief executive officer. “The photomask demand recovery that started to take shape early in the third quarter slowed during the period due to select regional and end-use customer order patterns. This was combined with broader customer focus on rising semiconductor channel inventory that limited chip design activity through the quarter. In response, we tuned our mix and sales strategy, allowing us to optimize margins despite lower demand. Megatrends such as AI, supply...

– Reiterates Recently Updated Fiscal 2025 Modeling Assumptions – WEST FARGO, N.D., Aug. 29, 2024 (GLOBE NEWSWIRE) — Titan Machinery Inc. (Nasdaq: TITN) (“Titan” or the “Company”), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal second quarter ended July 31, 2024. “As previously announced, our second quarter results reflect the challenging market conditions that are impacting farmer sentiment and agriculture equipment sales,” commented Bryan Knutson, Titan Machinery’s President and Chief Executive Officer. “In response to these market dynamics, we have been executing on the strategies we outlined: actively managing our inventory levels with a focus on used equipment, implementing targeted...

Total sales growth of 13%; comparable store sales growth of 5% Net income was $74 million, and diluted EPS was $1.15 Excluding certain expenses associated with acquired BBBY leases:Adjusted EBIT margin increased 160 basis points Adjusted EPS increased 98% to $1.24 Adjusted EPS guidance for FY24 raised to $7.66-$7.96BURLINGTON, N.J., Aug. 29, 2024 (GLOBE NEWSWIRE) — Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories, and merchandise for the home at everyday low prices, today announced its results for the second quarter ended August 3, 2024. Michael O’Sullivan, CEO, stated, “We are pleased with our results from the second quarter. Comparable store sales increased 5%, while total sales increased 13%. Both of these metrics were well ahead...

A total of 1,412 hotels, or 161,686 hotel rooms, in operation as of June 30, 2024. Net revenues for the second quarter of 2024 increased by 64.5% year-over-year to RMB1,797 million (US$247 million), compared with RMB1,093 million for the same period of 2023. Net income for the second quarter of 2024 increased by 27.1% year-over-year to RMB304 million (US$42 million), compared with RMB239 million for the same period of 2023. Adjusted net income (non-GAAP)1 for the second quarter of 2024 increased by 31.6% year-over-year to RMB328 million (US$45 million), compared with RMB249 million for the same period of 2023. EBITDA (non-GAAP)2 for the second quarter of 2024 increased by 25.3% year-over-year to RMB419 million (US$58 million), compared with RMB334 million for the same period of 2023. Adjusted EBITDA (non-GAAP)3 for the second quarter...

VANCOUVER, British Columbia, Aug. 29, 2024 (GLOBE NEWSWIRE) — AVRICORE HEALTH INC. (TSXV: AVCR) (the “Company” or “Avricore”) reports on its mid-year results for 2024 demonstrating the Company’s continued success in maintaining strong growth in revenues while achieving net profitability. In the six months ended June 30, 2024 revenues grew by 84% year-over-year, topping $2,169,513 with gross profit increasing 94% equalling $855,566. This was supported by Q2 2024 revenue increasing 91% against the same period in 2023 to $1,045,206, with gross profit topping $370,775, a 62% gain. This success led the Company to recording a net profit of $222,559 and posting a net increase in cash of $279,039. “Our success comes from great partners, an incredible team and a shared mission by all that believes everyone deserves better access...

Year-over-year net sales growth of 1.8% to $141.6 million Benefiting from our product and sourcing initiatives, gross margin expands 90 basis points to 52.3% Strong financial position with no debt and approximately $210 million of liquidity Reaffirmed Fiscal 2024 outlook excluding restructuring expense and sales tax expense accrual MOUNT HOREB, Wis., Aug. 29, 2024 (GLOBE NEWSWIRE) — Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading” or the “Company”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s workwear, casual wear, outdoor apparel and accessories, today announced its financial results for the fiscal second quarter ended July 28, 2024. Summary of the Second Quarter Ended July 28, 2024Net sales of 141.6 million increased 1.8% compared to the prior year second quarter Net loss of $3.7 million and adjusted...