Chagee Holdings Earnings Call Transcripts
Fiscal Year 2026
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Q2 revenue grew 2.5% year-over-year to RMB 3,415 million, with net income margin rising to 13.6%. Overseas markets drove growth, while new product launches and operational efficiency improved profitability. The company remains focused on sustainable growth and shareholder returns.
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Revenue and profitability rebounded in Q1 2026, driven by new products, operational efficiency, and overseas growth. A $150 million share repurchase was announced, and the company remains focused on quality expansion and consumer engagement.
Fiscal Year 2025
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2025 saw slower domestic growth due to restructuring and market headwinds, but overseas expansion drove strong GMV gains and margin improvement. The company enters 2026 focused on quality growth, brand value, and global scale, with robust cash reserves supporting its strategy.
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Q3 2025 saw revenue decline 9.4% year-over-year amid macro and competitive pressures, but gross margin improved to 53.8% and overseas growth accelerated. A special dividend was declared, and the store network expanded to 7,338 locations, with strong Southeast Asia momentum.
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Q2 2025 saw double-digit revenue growth and strong overseas expansion, with gross margin rising to 53.9% and non-GAAP net income stable year-over-year. Strategic investments in talent and technology support global growth, while the company maintains premium positioning amid intense price competition in China.