Luckin Coffee 10/30/2024 Earnings Report

Luckin Coffee EPS Results

• Actual EPS: $0.64
• Consensus EPS: $0.44
• Beat/Miss: Beat by +$0.20
• One Year Ago EPS: N/A

Luckin Coffee Revenue Results

• Actual Revenue: $1.45 billion
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Luckin Coffee Announcement Details

• Date: 10/30/2024
• Time: Before Market Opens
• Conference Call Date: N/A
• Conference Call Time: N/A

Luckin Coffee (OTCMKTS:LKNCY) Inc. is a China-based retail coffee company that operates a technology-driven chain of coffee shops. The company sells freshly prepared beverages, including espresso-based coffee, cold brew, tea and other specialty drinks, along with food and snack items. Its stores emphasize mobile ordering, delivery, pickup and convenient, digitally enabled service.

Founded in 2017, Luckin expanded through a combination of company-operated and partnership stores in cities and communities across mainland China. The company has also operated in Singapore, extending its brand beyond the Chinese market. Luckin’s business model focuses on frequent customer purchases, app-based promotions and a broad store network designed to serve customers through both physical locations and digital channels.

Luckin Coffee experienced significant corporate and financial difficulties in 2020 following the disclosure of fabricated sales, which resulted in its delisting from the Nasdaq Stock Market. The company later completed a restructuring process and continued operating under new management. Guo Jinyi has served as chairman and chief executive officer. Luckin’s American depositary shares trade over the counter in the United States under the symbol LKNCY.