Luckin Coffee (LKNCY) is surging 10% after the company reported that its revenue had jumped 32.7% last quarter versus the same period a year earlier. Luckin owns, operates and franchises coffee stores ...

CEO Jinyi Guo highlighted that 2024 was a pivotal year, with total net revenues increasing by 38% year-over-year to RMB34.5 billion and operating profit rising by 17% to RMB3.5 billion. He emphasized ...

GAAP Operating Margin Expanded Year-over-Year to 10.4%Fourth Quarter Same-Store Sales Growth for Self-Operated Stores Notably ...

Reports Q4 revenue RMB 9.6B vs. RMB 7.06B last year. Net new store openings were 997, comprising 991 stores in China (including 5 stores in ...

Meanwhile, Luckin announced in December a reduction in the prices of its raw material supplies for franchisees, effective Jan ...