Chagee Holdings Reports Q2 Non-GAAP EPS Beat but Revenue Misses Estimates
Chagee Holdings (CHA:NASDAQ) reported second-quarter results with a non-GAAP earnings per share of $0.37, exceeding estimates by $0.03. However, revenue came in at $503.3 million, below the expected figure by $24.82 million and showing only 2.5% year-over-year growth. The company's net revenues increased to RMB3,414.6 million (US$503.3 million) from RMB3,331.9 million in the same quarter of the previous year. Despite a modest revenue increase and better-than-expected earnings per share, Chagee Holdings' performance was mixed due to unmet revenue expectations. Analysts have noted that while there is some recovery in same-store sales, it remains insufficient for strong investor confidence. The stock has been rated as lagging by Seeking Alpha's Quant Rating.
Tickers: $CHA
Topics: eps_beat financial_results revenue_miss