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4 clusters · 7 sources · 10 days · First seen · Last updated

Chagee Holdings Q2 2026 financial performance

Overview

Chagee Holdings Limited reported growth in revenue and profitability for the second quarter of 2026, despite increased competition and a softening macroeconomic environment. Total revenue increased 2.5% year-over-year to RMB 3.41 billion, while GAAP net income rose significantly to RMB 464.8 million (US$68.5 million) from RMB 77.2 million in the previous year. Operating income also saw a surge of 387.6% to RMB 524.7 million.

Although the company experienced a sequential decline in total gross merchandise value (GMV) to RMB 7.66 billion, international markets served as a primary growth driver. International GMV saw a 114.3% year-over-year increase across eight international markets, supported by expansion into South Korea. In Seoul, three new locations reported strong initial sales, selling over 16,000 cups within their first three days.

By June 30, 2026, the company’s network had grown by 8.5% to 7,639 tea houses, including 7,240 locations in Greater China and 399 overseas locations. While sales in the core Greater China market fell by 9%, management indicated that the decline in same-store sales in China appeared to ease in July, with expectations for positive growth in August.

Entities

Chagee · Aiden Yin · Chagee Holdings Limited · Gaotu Techedu Inc. · Seoul

Timeline

  1. 12 days ago

    [BUSINESS] 2 sources
    Chagee reports significant profit growth amid international expansion

    Chagee reported a surge in Q2 net income to RMB464.8 million, driven by international expansion despite declining sales in its core Chinese market.

  2. 15 days ago

    [BUSINESS] 2 sources
    Chagee reports Q2 2026 revenue growth and rising profitability

    Chagee reported Q2 2026 revenue growth to RMB 3.41 billion and a sharp rise in net income, driven by strong international expansion despite declining GMV in Greater China.

  3. 16 days ago

    [BUSINESS] 2 sources
    Gaotu Techedu reports Q2 2026 revenue growth and reduced losses

    Gaotu Techedu reported Q2 2026 net revenues of RMB 1,670.1 million, a 20.2% increase, while narrowing its net loss to RMB 135.8 million.

  4. 21 days ago

    [BUSINESS] 2 sources
    GDEV reports rising profits despite 22% revenue decline

    GDEV reported a 22% year-over-year revenue decline to $94 million in Q2 2026, though net profit rose to $20 million due to improved cost controls and reduced marketing expenses.

Sources

aijourn.com · europesays.com · insideretail.asia · insideretail.co.nz · marketwire.com · stocknews.com · stocktitan.net

This summary has been updated 1 time: see revision history