Chagee Holdings Ltd (NAS:CHA)

Q4 2025 Chagee Holdings Ltd Earnings Call Transcript

Mar 31, 2026 / 12:00 PM GMT

Release Date Price: $9.31 (-3.12%)

Transcript

Key Points

Positve

Chagee Holdings Ltd (CHA) expanded its tea house network to 7,453 locations, a 15.7% increase from the previous year, showcasing strong growth.
The company reported a 7.2% increase in total GMV for 2025, reaching $31.6 billion, indicating positive sales momentum.
Overseas markets showed robust growth, with a 84.6% year-over-year increase in GMV for the fourth quarter, highlighting successful international expansion.
Chagee Holdings Ltd (CHA) maintained a gross margin of 53.2%, an improvement from the previous year's 51.6%, reflecting better cost management.
The company completed major organizational adjustments, aiming to enhance efficiency and support sustainable high-quality growth in 2026.

Negative

Same-store sales in the fourth quarter declined by 25.5% year-over-year, indicating challenges in maintaining sales at existing locations.
Net revenue for the fourth quarter decreased to $2,974.5 million from $3,334.4 million in the same quarter of 2024, reflecting a challenging market environment.
Chagee Holdings Ltd (CHA) experienced an operating loss of $35.5 million in the fourth quarter, compared to an operating income of $642.5 million the previous year.
The company faced intense competition from third-party delivery platforms, impacting offline operations and contributing to revenue pressure.
General and administrative expenses increased by 89% year-over-year, driven by costs associated with organizational restructuring and global expansion efforts.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CHA.OQ - Chagee Holdings Ltd
Q4 2025 Chagee Holdings Ltd Earnings Call
Mar 31, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and good evening, ladies and gentlemen.

Thank you for standing by and welcome to CHAJI's fourth quarter 2025 earnings conference call.

At this time, all participants are in a listen-only mode. We will be hosting a question-and-answer session after management's prepared remarks.

Please note that today's event is being recorded.

With that, I will now turn the call over to the first speaker today. Ms. Alicia Guo, Investor Relations Director of the company. Please go ahead, Madam.

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Unidentified_2 [2]
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Thank

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