Chagee Holdings Limited American Depositary Shares

Chagee Announces Second Quarter 2026 Unaudited Financial Results

Chagee reported Q2 revenue of RMB3.41 billion, up 2.5% year-over-year, while GAAP net income surged to RMB464.8 million from RMB77.2 million driven by a 10.4% drop in operating expenses and lower share-based compensation. Despite the profit expansion, operational headwinds persisted as franchise revenue declined year-over-year and same-store GMV in Greater China fell 16.1% due to economic pressure and competition. The company repurchased approximately 2.57 million ADSs for $29.5 million under its newly authorized $150 million buyback program, while board member Mr. Yong Zhang resigned for personal reasons.

•1mo ago

Chagee Announces First Quarter 2026 Unaudited Financial Results

Chagee reported Q1 2026 revenue of $514.1 million, a 4.5% increase year-over-year, driven by a 230% surge in company-owned store revenue that offset a 13% decline in franchised store revenue. Profitability contracted sharply, with GAAP net income falling 34% to $64.9 million and operating income dropping 33% to $79.3 million, reflecting higher operating expenses and margin pressure. Same-store GMV in Greater China declined 16% year-over-year, highlighting demand headwinds, though overseas GMV grew 139% and the company added 88 new teahouses to reach 7,531 total locations. The board authorized a $150 million share repurchase program, signaling confidence in the long-term trajectory despite near-term operational challenges.

•4mo ago

Chagee Announces Fourth Quarter and Full Year 2025 Unaudited Financial Results

globenewswire.com•6mo ago