LKNCY - Luckin Coffee Non-GAAP EPADS of $0.24 revenue of $646M

2023-05-01 07:06:40 ET

• Luckin Coffee press release ( OTCPK:LKNCY ): Q1 Non-GAAP EPADS of $0.24.
• Revenue of $646M (+84.5% Y/Y).
• Net new store openings during the first quarter was 1,137, including two new store openings in Singapore, resulting in a quarter-over-quarter store unit growth of 13.8% from the number of stores at the end of the fourth quarter of 2022, ending the first quarter with 9,351 stores which include 6,310 self-operated stores and 3,041 partnership stores.
• Average monthly transacting customers in the first quarter was 29.5 million, representing an increase of 84.6% from 16.0 million in the same quarter of 2022.
• Same-store sales growth for self-operated stores in the first quarter was 29.6%, compared to 41.6% in the same quarter of 2022.
• Non-GAAP operating income in the first quarter, which adjusts for share-based compensation expenses, was $106.4M, representing a non-GAAP operating income margin of 16.5%.

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