F&BSGThe Business of F&B.Luckin adds 2,599 stores as revenue rises 17%, but same-store sales fall
Luckin Coffee reported Q3 revenue of RMB 17.89 billion, up 17%, and opened 2,599 net new stores, taking its network to 38,909. Non-GAAP operating income rose 58.2% to RMB 3.05 billion, while self-operated same-store sales fell 11.1%.
What happened
Luckin Coffee reported Q3 revenue of RMB 17.89 billion, up 17%, and opened 2,599 net new stores, taking its network to 38,909. Non-GAAP operating income rose 58.2% to RMB 3.05 billion, while self-operated same-store sales fell 11.1%.
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