Chagee Holdings Limited (CHA) Earnings Call Transcripts

Chagee Holdings Limited's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Chagee Holdings Limited (CHA:US) reported total revenue of RMB 3,546 million, a 4.5% increase year-over-year and a significant 19.2% increase quarter-over-quarter. Non-GAAP net income surged to RMB 506.7 million, reflecting a more than fourfold sequential increase. Management highlighted a share repurchase program of up to USD 150 million, signaling confidence in the company's undervalued stock and commitment to shareholder returns. The operational efficiency improvements and strategic focus on consumer value are expected to drive future growth.

Reported metrics

Guidance from management

Management reiterated confidence in the company's strategic direction and operational efficiency, with plans to maintain a steady product launch cadence and focus on consumer experience enhancements.

What management said

[Interpreted] Hello, everyone. Welcome to Chagee's First Quarter 2026 Earnings Call. As we enter 2026, our strategic direction is clearer than ever, and our execution is more focused. The reflections and adjustments of the past several months have allowed us to develop a way of working that is closer to our consumers and more committed to long-term value creation.

[Interpreted] First, on our strategic priorities. In 2026, we're dedicating all our efforts to operations, focusing on executing every detail that truly matters to our consumers well. We believe that the ability of the company to navigate cycles ultimately depends on genuine consumer recognition. Therefore, our goal this year is very clear to perfect every single consumer touch point.

What analysts pressed on

Analysts expressed concerns regarding the sustainability of the recent growth in same-store GMV and the impact of the new GMV-based revenue sharing model on profitability. They are particularly interested in understanding how these changes will affect long-term margins.

Main topics on the call

• Revenue Growth — Chagee achieved total revenue of RMB 3,546 million, marking a 4.5% year-over-year increase and a 19.2% sequential increase. Management stated, "Our business returned to steady growth and operational efficiency continued ...
• Improved Profitability — Non-GAAP net income increased to RMB 506.7 million, reflecting a more than fourfold sequential increase. The non-GAAP net margin improved to 14.3%, indicating strong operational leverage.
• Share Repurchase Program — The Board approved a share repurchase program authorizing up to USD 150 million in ADS purchases over 12 months. Management emphasized, "We believe the current share price does not fully reflect the continued recovery in...
• Operational Efficiency — Management reported significant improvements in organizational efficiency, with non-GAAP G&A expense ratio declining by 8.1 percentage points sequentially to 11.6%. This was attributed to "continued optimization in the f...

Read the full Chagee Holdings Limited transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 5 Chagee Holdings Limited earnings call transcripts on record, spanning May 30, 2025 to May 29, 2026. Based on this history, Chagee Holdings Limited reports quarterly. The most recent call on file is dated May 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CHA

Exchange

NasdaqGS

Country

US

Sector

Consumer Discretionary

Industry

Hotels, Restaurants and Leisure

Calls on record

5

First call

May 30, 2025

Most recent

May 29, 2026

Reporting cadence

quarterly