LKNCY News and Press, Luckin Coffee Inc. From 08/01/23

2023-08-01 12:15:47 ET Luckin Coffee ( OTCPK:LKNCY ) shot up in afternoon trading after the Chinese coffee store operator reported a revenue spike of 88% in Q2 to $855.2M. Average monthly transacting customers in the second quarter was up 108% to 43.1M against the soft comparable to...

2023-08-01 12:13:08 ET Luckin Coffee Inc. (LKNCY) Q2 2023 Earnings Conference Call August 01, 2023, 08:00 AM ET Company Participants Alicia Guo - IR Jinyi Guo - Chairman and CEO Jing An - CFO Conference Call Participants Presentation Operato...

2023-08-01 07:08:04 ET Luckin Coffee press release ( OTCPK:LKNCY ): Q2 GAAP EPS of $0.48. Revenue of $855.2M (+88% Y/Y). Net new store openings during the second quarter was 1,485, including five new store openings in Singapore, resulting in a quarter-over-quarter sto...

Second Quarter Net Revenues Increased 88.0% Improved Profitability with Record High GAAP Operating Income Margin of 18.9% More than 1,400 Net New Store Openings; Ended Quarter with More than 10,000 Stores BEIJING, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. ( ...

2023-07-28 08:06:15 ET Summary Luckin Coffee opened approximately 1,241 new stores in China during 2Q 2023 and 8 new stores in Singapore by the end of July 2023. As expected, the Company surpassed the 10,000th store milestone on June 5th, 2023 and reached a total store count of 10...

BEIJING, July 25, 2023 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (OTC: LKNCY) will release its second quarter 2023 financial results before the U.S. market open on Tuesday, August 1, 2023. The Company will hold a conference call on...

2023-06-26 03:44:29 ET Summary Luckin Coffee has recovered from its accounting scandal and bankruptcy, achieving profitability in 2022 under new CEO Jinyi Guo. The company is well-positioned to capitalize on China's growing coffee consumption, with over 9,000 stores and a focus on...

2023-06-20 10:31:29 ET A large number of Chinese consumer stocks listed in the U.S. declined in early trading on Tuesday after China’s State Council failed to issue specific support measures and banks offered modest rate cuts. The developments from Beijing seemed to fall short of the...

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2023-06-06 23:16:24 ET Summary Luckin Coffee has experienced a strong turnaround post scandal, with aggressive expansion in China and a focus on technology and lower-tier cities fueling growth. The company's retail partnership model has contributed to profitability and margins, wh...