Chagee Holdings Q2 Non-GAAP Earnings Decline, Net Revenue Increases

MT Newswires Live

08/29

Chagee Holdings (CHA) reported Q2 non-GAAP earnings Friday of 3.30 Chinese renminbi ($0.46) per diluted share, down from 3.55 renminbi a year earlier.

Analysts' estimates were not readily available for comparison.

Total net revenue for the quarter ended June 30 was 3.33 billion renminbi, compared with 3.02 billion renminbi a year earlier.

A single analyst polled by FactSet expected 3.67 billion renminbi.

Chagee Holdings fell more than 5% in recent premarket activity Friday.

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