12:56 PM EDT, 08/29/2025 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph.)

Chagee ( CHA ) shares were down over 11% in recent Friday trading after the company posted lower Q2 non-GAAP earnings compared with last year.

The company reported Q2 adjusted earnings 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.

Price: 19.50, Change: -2.50, Percent Change: -11.36