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.
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