Chagee Sees Sluggish Growth Amid Economic Headwinds and ‘intense’ Industry Competition

Chagee Holdings Limited (CHA) swung lower after reporting second-quarter results. Revenue was up 2.5% year over year to RMB3.41B Revenue from franchised tea houses fell to RMB2.47B from RMB3.02B a year ago. The decline was attributed mainly to a decrease in total GM

Chagee Holdings Limited (CHA) swung lower after reporting second-quarter results.

Revenue was up 2.5% year over year to RMB3.41B

Revenue from franchised tea houses fell to RMB2.47B from RMB3.02B a year ago. The decline was attributed mainly to a decrease in total GMV

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