Stock Track | Chagee Holdings Soars 7.38% in Pre-Market on Strong Q1 Earnings Beat and $150M Share Buyback Plan

Stock Track05-29

Chagee Holdings Limited's stock surged 7.38% in pre-market trading on Friday, as investors reacted positively to the company's first quarter 2026 financial results released the previous day.

The premium tea drinks brand reported net revenues of RMB3,546.0 million (US$514.1 million), representing a year-over-year increase. The company's overseas gross merchandise value showed particularly strong growth, surging 139.0% year-over-year, while its teahouse network expanded by 12.7% to 7,531 locations.

Investors were encouraged by the company's better-than-expected performance, with non-GAAP earnings per share of RMB2.67 beating analyst estimates, and revenue exceeding expectations. Additionally, the board of directors authorized a US$150 million share repurchase program, signaling confidence in the company's future and commitment to returning value to shareholders.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment