Chagee Announces Second Quarter 2026 Unaudited Financial Results

Chagee Holdings Limited (NASDAQ: CHA) reported Q2 2026 results with net revenues increasing 2.5% to RMB3,414.6 million and GAAP net income rising significantly to RMB464.8 million from RMB77.2 million year-over-year. However, the company faced headwinds with Greater China GMV declining and same-store GMV growth remaining negative at -16.1%. The company expanded its teahouse network to 7,639 locations and authorized a US$150 million share repurchase program.