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.
Key figures
- Eps
- 0.34
- Revenue
- 514100000
- Revenue Yoy
- 4.5%
- Gmv overseas
- 426400000
- Active members
- 50000000
- Gaap net income
- 64900000
- Total teahouses
- 7531
- Operating income
- 79300000
- Non gaap net income
- 73500000
- Buyback authorization
- 150000000
- Same store gmv growth
- -16.0%
AI analysis
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