Chagee: A Divergence In Short-Term And Long-Term Prospects

Chagee Holdings Limited is rated "Neutral," following my assessment of its outlook across different time horizons. CHA's Q4 2025 earnings fell 87% YoY and missed consensus by 68%, driven by stiff pricing competition and an unfavorable shift in owned store mix. FY26 guidance is underwhelming, with management targeting a flattish top line and bottom line.