Chain · United States · data through September 2026

H Happy Lemon logo Happy Lemon

Iceflower tracks 76 Happy Lemon stores across 13 US states. It ranks #6 of 2,141 tracked US boba & drink shops by card spend. Its share of tracked category spend moved -8.9% over the last year.

Rankings come from real card and bank transactions across a panel of 130M+ US and EU consumers. We publish relative growth and rankings, never revenue figures. About the data

Tracked stores
76
States
13
Category
Boba & Drink Shops
Category rank
#6

Growth

Happy Lemon against its category

The biggest tracked US boba & drink shops by card spend, with year-over-year growth of category share. Share means a chain's slice of tracked category spend. It can decline while the chain's own sales grow. The chart tracks Happy Lemon's share of the category quarter by quarter, indexed to 2024 Q4 = 100.

# Chain YoY share
1 S Swig logo Swig -
2 F FiiZ Drinks logo FiiZ Drinks -4.8%
3 K Kung Fu Tea logo Kung Fu Tea -15.8%
4 H HTeaO logo HTeaO +9.5%
5 T Tai Chi Bubble Tea logo Tai Chi Bubble Tea -3.6%
6 H Happy Lemon logo Happy Lemon -8.9%
7 T The Alley +5.1%
8 S Sharetea logo Sharetea -11.5%
9 I It's Boba Time logo It's Boba Time +1.0%
10 K Kokee Tea logo Kokee Tea -6.1%

Share of tracked category spend, indexed

100 81.3 2024 Q4 2026 Q3

Store footprint

Store map

76 tracked Happy Lemon locations across 13 US states.

Customer overlap

Who shops at Happy Lemon

Tracked chains Happy Lemon customers also buy from more than a similarly active shopper would, indexed to the strongest overlap (100). From real card transactions.

M Mandarin Beijing 78
S Sand 75
M MWR Ticket and Travel 59
M Manna BBQ logo Manna BBQ 58
J Jollibee logo Jollibee 58
T T&T Supermarket logo T&T Supermarket 58
Q QFC logo QFC 54

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