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Luckin Coffee (OTCMKTS:LKNCY) Announces Quarterly Earnings Results, Beats Expectations By $0.57 EPS

Luckin Coffee logo with Consumer Staples background

Key Points

  • Luckin Coffee reported earnings of $0.64 per share for the quarter, with a net margin of 9.58% and a return on equity of 36.55%.
  • The company's stock traded at $38.20, with a market capitalization of $10.84 billion and a price-to-earnings ratio of 23.88.
  • Luckin Coffee operates retail services in China, offering a variety of freshly brewed drinks and pre-made food items, including various coffee types and snacks.
  • MarketBeat previews top five stocks to own in September.

Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.57, Zacks reports. The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.82 billion. Luckin Coffee had a return on equity of 36.80% and a net margin of 9.59%.

Luckin Coffee Price Performance

OTCMKTS:LKNCY traded up $0.35 during mid-day trading on Friday, hitting $37.11. The company's stock had a trading volume of 2,016,543 shares, compared to its average volume of 2,295,308. The business's fifty day moving average is $36.05 and its two-hundred day moving average is $32.65. The stock has a market cap of $10.53 billion, a price-to-earnings ratio of 21.09 and a beta of -0.24. Luckin Coffee has a 1 year low of $17.28 and a 1 year high of $40.00.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Luckin Coffee from a "buy" rating to a "hold" rating in a research report on Saturday.

Get Our Latest Stock Report on LKNCY

About Luckin Coffee

(Get Free Report)

Luckin Coffee Inc offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers hot and iced freshly brewed coffee, such as Americano, Latte, Cappuccino, Macchiato, Flat White, and Mocha, as well as specialty coffee based on market and seasonal trends; coconut milk latte products; tea drinks; pre-made beverages; and pre-made food items, such as pastries, sandwiches, and snacks.

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Earnings History for Luckin Coffee (OTCMKTS:LKNCY)

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