Chagee Holdings Past Earnings Performance
Past criteria checks 2/6
Chagee Holdings has been growing earnings at an average annual rate of 26.2%, while the Hospitality industry saw earnings growing at 29.5% annually. Revenues have been declining at an average rate of 1.7% per year. Chagee Holdings's return on equity is 11.9%, and it has net margins of 6.3%.
Key information
26.24%
Earnings growth rate
16.60%
EPS growth rate
| Hospitality Industry Growth | 19.52% |
| Revenue growth rate | -1.74% |
| Return on equity | 11.87% |
| Net Margin | 6.27% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Chagee: Same-Store Recovery Is Better, But Still Not Enough
Summary Chagee Holdings Limited remains a hold as same-store GMV declines have moderated but not reversed, signaling early stabilization. Active members rose 12% sequentially to 50 million, with strong repurchase rates and recurring customer engagement supporting CHA’s premium brand thesis. Growth initiatives—agile campaigns and new product launches—are diversifying consumption occasions, but durable same-store recovery is not yet proven. Valuation at 8x NTM PE appears cheap, but discount persists due to ongoing same-store and franchise revenue declines; buyback provides support, not a thesis. Read the full article on Seeking Alpha
CHA: Share Buyback And Franchise Model Shift Will Shape Returns
Analysts have trimmed their price target for Chagee Holdings to $11.00 from $12.42. The change reflects updated assumptions around revenue growth, profit margins, discount rate and future P/E expectations.
Q4 Update - More teahouses, less revenue, more costs
Compared with Q4 2024, Chagee has ~15% more teahouses (7453 to 6440), and yet has 10.8% lower revenues. This is represented by average monthly GMV per teahouse dropping from 456k to 337k RMB (down 26%).Q3 Update - Revenue sustained only by growth
Revenues did not grow in line with new teahouse openings, and average monthly GMV is down 30% from the previous year. Rate of teahouse growth per quarter is ~5%.Why We're Not Concerned About Chagee Holdings Limited's (NASDAQ:CHA) Share Price
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 18x, you may...A Look At The Fair Value Of Chagee Holdings Limited (NASDAQ:CHA)
Key Insights The projected fair value for Chagee Holdings is US$14.53 based on 2 Stage Free Cash Flow to Equity With...Cheap if able to sustain revenue, and a potential bargain if able to turn store openings into revenue growth
Conservative valuation of $24.28 based on sustained revenues of ~RMB3bn/quarter. Potential upside if growth in store openings realises additional revenue.Chagee Holdings' IPO Offers A Compelling PEG Proposition
Summary Chagee Holdings' IPO surged over 15%, highlighting its rapid growth with 6,440 teahouses and strong sales, making it a compelling investment for China exposure. The company’s impressive growth includes a tenfold increase in teahouses and a significant rise in per-store sales, indicating a robust business model. Chagee's historical PEG ratio of 0.081 is exceptionally low, suggesting significant growth potential nearly unmatched in the consumer discretionary sector. Despite potential risks like market saturation and changing consumer tastes, Chagee's strong earnings and international expansion prospects make CHA stock a strong buy. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
How Chagee Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 13,061 | 819 | 3,963 | 0 |
| 31 Dec 25 | 12,907 | 1,019 | 3,842 | 0 |
| 30 Sep 25 | 13,267 | 769 | 3,802 | 0 |
| 30 Jun 25 | 13,600 | 989 | 3,633 | 0 |
| 31 Mar 25 | 13,292 | 1,517 | 2,544 | 0 |
| 31 Dec 24 | 12,406 | 1,435 | 2,222 | 0 |
| 30 Sep 24 | 11,118 | 1,959 | 1,840 | 0 |
| 30 Jun 24 | 9,021 | 1,521 | 1,427 | 0 |
| 31 Mar 24 | 6,730 | 1,044 | 993 | 0 |
| 31 Dec 23 | 4,640 | 527 | 625 | 0 |
| 30 Sep 23 | 2,809 | 324 | 430 | 0 |
| 31 Dec 22 | 492 | -145 | 186 | 0 |
Quality Earnings: CHA has high quality earnings.
Growing Profit Margin: CHA's current net profit margins (6.3%) are lower than last year (11.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CHA's earnings have grown significantly by 26.2% per year over the past 5 years.
Accelerating Growth: CHA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CHA had negative earnings growth (-46%) over the past year, making it difficult to compare to the Hospitality industry average (21.3%).
Return on Equity
High ROE: CHA's Return on Equity (11.9%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/10 21:57 |
| End of Day Share Price | 2026/07/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Chagee Holdings Limited is covered by 13 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sijie Lin | China International Capital Corporation Limited |
| Jiwei Liu | Citic Securities Co., Ltd. |
| Ya Jiang | Citic Securities Co., Ltd. |