Chagee Holdings Limited's stock soared 16.14% during Friday's intraday trading, extending gains from pre-market activity.
The surge follows the company's release of its first-quarter 2026 financial results, which significantly exceeded analyst expectations. The premium tea drinks brand reported adjusted earnings per share of $0.38, beating the consensus estimate of $0.23 by 65.22%. Quarterly sales reached $514.062 million, surpassing the $456.470 million estimate by 12.62%.
Investors were also encouraged by robust overseas growth, with gross merchandise value outside China surging 139% year-over-year, and the global store network expanding to 7,531 locations. Additionally, the board of directors authorized a $150 million share repurchase program, signaling confidence in the company's future and commitment to returning value to shareholders.
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