Macquarie Upgrades Chagee Holdings to Outperform
Macquarie analyst Linda Huang upgrades Chagee Holdings (NASDAQ:CHA) from Neutral to Outperform.
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Chagee Holdings (NASDAQ:CHA) reported quarterly earnings of $0.37 per share which beat the analyst consensus estimate of $0.32 by 15.62 percent. This is a 19.57 percent decrease over earnings of $0.46 per share from the
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Macquarie analyst Linda Huang upgrades Chagee Holdings (NASDAQ:CHA) from Neutral to Outperform.
Read original at benzingaChagee Holdings Limited (NASDAQ: CHA) reported Q2 2026 results with net revenues increasing 2.5% to RMB3,414.6 million and GAAP net income rising significantly to RMB464.8 million from RMB77.2 million year-over-year. However, the company faced headwinds with Greater China GMV declining and same-store GMV growth remaining negative at -16.1%. The company expanded its teahouse network to 7,639 locations and authorized a US$150 million share repurchase program.
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