Chagee Reports Q2 2026 Earnings with Revenue Growth Amid Economic Challenges
Chagee (CHA) posted a 2.5% year-over-year increase in net revenues to RMB 3,414.6 million for the second quarter of 2026 despite macroeconomic headwinds and intense competition. The company-owned teahouse segment saw strong growth with revenue rising by 222.2%, driven by expansion both domestically and internationally. The total GMV decreased slightly by 3.3% sequentially to RMB 7,660.3 million but overseas GMV grew significantly at 114.3% year over year. Chagee's global network now includes 7,639 locations with a growing proportion of company-owned units. The firm also reported improved non-GAAP net income margins and reduced general and administrative expenses due to cost management initiatives. Despite these positive financial indicators, the active member base declined from 50 million in Q1 to 47.1 million in Q2. Management attributed this partly to economic challenges affecting GMV growth in Greater China.
Tickers: $CHA
Topics: franchise growth gmv net income operating expenses revenue