VCG/Visual China Group via Getty Images Luckin Coffee (OTCPK:LKNCY) is a Chinese coffee chain founded in 2017 with a digital-first business model that had been rapidly growing to overtake Starbucks (SBUX) before accounting fraud issues led to bankruptcy. Since 2022, they have been rebuilding trust under new management. So far, things have been looking relatively good. Since 2022, the share price has nearly doubled, though performance has been rather volatile. Luckin saw a 1-year high of $34 in just October ...

Luckin Coffee (LKNCY) stock price will be on edge on Wednesday as investors read the tea leaves from the latest Starbucks earnings report. Shares of Luckin, the biggest Chinese coffee giant, have plunged by more than 43% from their highest point in 2023.China economic woesCopy link to sectionLuckin Coffee is one of the fastest growing coffee chains in the world. In just a few years, the company has moved from zero stores to over 13,700 in the last quarter and the management expects that this growth will acc ...

Financial Performance - Total net revenues increased by 84.9% year-over-year[25] - Average monthly transacting customers increased by 132.9% year-over-year to 58.5 million[22] - Store-level operating profit margin for self-operated stores was 23.1%[26] - GAAP operating income was RMB 961.7 million with a 13.4% operating income margin[26] - Free cash flow was RMB 402.3 million[8] Store Expansion - Net new store openings in Q3 2023 were +2,437[26] - Total stores reached 13,273 worldwide[26] - Self-operated stores totaled 8,789 and partnership stores totaled 4,466[28] Product and Sustainability - Completed company carbon inventory and verification by Bureau Veritas for the first time in 2022[1] - Compared to regular Latte, one cup of Coconut Milk Latte has 55% or 42% carbon footprint reduction[34] - Jiangxiang Flavored Latte achieved a new record on the first day of launch, selling over 5.42 million cups and generating over RMB 100 million in revenue[24] - Scope 3 carbon emission is 769.2 thousand ton CO2e, accounting for 89.9% of total carbon emission[37]

Luckin Coffee Inc. (OTCPK:LKNCY) Q3 2023 Earnings Conference Call November 1, 2023 8:00 AM ET Company Participants Alicia Guo - IR Jinyi Guo - Chairman and CEO Jing An - CFO Reinout Schakel - CSO Conference Call Participants Operator Ladies and gentlemen, welcome to Luckin Coffee's Third Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode during management's prepared remarks and there will be a question-and-answer session to follow. Today's conference is being recorded. At th ...

Financial Performance - Total net revenues for the third quarter of 2023 were RMB7,200.0 million (US$986.8 million), an increase of 84.9% from RMB3,894.6 million in the same quarter of 2022[3] - Net income for Q3 2023 was RMB 988,011, representing a 87.1% increase compared to RMB 528,597 in Q3 2022[37] - Operating income for the nine months ended September 30, 2023, was RMB 2,812,905, a significant increase from RMB 842,949 in the same period of 2022[37] - Total comprehensive income for the nine months ended September 30, 2023, was RMB 2,553,938, compared to RMB 371,200 in the same period of 2022[37] - Non-GAAP net income for the nine months ended September 30, 2023, was RMB 2,823,035, up 63.5% from RMB 1,728,053 in the same period of 2022[40] - The company reported a basic net income per share of 0.39 for Q3 2023, compared to 0.21 for Q3 2022[37] - Non-GAAP net income per share (diluted) for Q3 2023 was $0.06, compared to $0.20 in Q3 2022, reflecting a significant increase in profitability[40] - The company’s adjusted net income for Q3 2023 was RMB 1,143,962, reflecting a strong operational performance despite external pressures[40] Customer Metrics - Average monthly transacting customers reached 58.5 million, representing a year-over-year increase of 132.9% from 25.1 million[3] - Average monthly transacting customers reached 58,477, a significant increase from 24,559 a year ago, reflecting a growth of 137.5%[19] Store Expansion - The company opened 2,437 net new stores in the third quarter, resulting in a total of 13,273 stores, including 8,807 self-operated and 4,466 partnership stores[3] - The total number of stores increased to 13,273 as of September 30, 2023, up from 8,214 a year earlier, representing a growth of 61.5%[19] - Self-operated stores grew to 8,807, a 55.5% increase from 5,652 in the same period last year[19] - The company plans to continue expanding its store network and enhancing its technology-driven retail model to improve customer experience and operational efficiency[30] Revenue Sources - Revenues from self-operated stores were RMB5,141.0 million (US$704.6 million), a 79.3% increase from RMB2,867.1 million in the same quarter of 2022[3] - Same-store sales growth for self-operated stores was 19.9%, compared to 19.4% in the same quarter of 2022[3] - Same-store sales growth for self-operated stores was 19.9% for the three months ended September 30, 2023, compared to 9.2% in the same period last year[19] - Revenues from product sales for the nine months ended September 30, 2023, were RMB 13,376,169, up from RMB 7,372,060 in the same period of 2022[37] Operating Income and Costs - GAAP operating income was RMB961.7 million (US$131.8 million), with a GAAP operating income margin of 13.4%, down from 15.0% in the same quarter of 2022[3] - Non-GAAP operating income for Q3 2023 reached RMB 1,025,483, a 47.9% increase from RMB 693,768 in Q3 2022[40] - Cost of materials increased to RMB3,166.6 million (US$434.0 million), a 119.8% rise from RMB1,440.5 million in the same quarter of 2022[3] - Share-based compensation expenses decreased to RMB 63,759 in Q3 2023 from RMB 108,504 in Q3 2022, indicating improved cost management[40] Cash and Assets - Net cash provided by operating activities was RMB1,310.1 million (US$179.6 million), compared to RMB416.9 million in the same quarter of 2022[16] - As of September 30, 2023, cash and cash equivalents totaled RMB5,736.8 million (US$786.3 million), an increase from RMB3,577.9 million as of December 31, 2022, primarily due to operational cash generation[17] - Total assets increased to RMB 17,171,093 as of September 30, 2023, compared to RMB 10,480,397 as of December 31, 2022[34] - Total current liabilities increased to RMB 5,482,003 as of September 30, 2023, from RMB 2,828,836 as of December 31, 2022[34] Future Plans and Strategy - The company plans to enhance product offerings and continue its pricing and expansion strategy to serve more customers and expand its global footprint[4] - Luckin Coffee aims to build a world-class coffee brand and integrate into customers' daily lives through its technology-driven retail network[32] Legal and Compliance - The provision for equity litigants in Q3 2023 was RMB 92,192, indicating ongoing legal challenges[40] Conference Call - The conference call to discuss financial results is scheduled for November 1, 2023, at 8:00 am Eastern Time[27]

Financial Data and Key Metrics Changes - The company achieved total net revenue of RMB6.2 billion, representing an 88% year-on-year growth [5][60] - The operating profit margin was reported at 18.9%, with a net profit margin of 16.1% for the second quarter [12][61] - The number of cumulative transacting customers surpassed 170 million, with an average of 43.07 million monthly transacting customers [5][11] Business Line Data and Key Metrics Changes - Revenue from self-operated stores reached nearly RMB4.5 billion, reflecting an 85.2% year-over-year increase, while same-store sales growth was over 20.8% [10] - Partnership stores saw a revenue increase of 91.1% year-over-year, reaching nearly RMB1.5 billion [10] Market Data and Key Metrics Changes - The company maintained its position as the largest coffee shop chain in China, with self-operated and partnership stores across 70 and 265 cities, respectively [11] - The coffee market in China is experiencing rapid growth, with significant potential for further expansion [50] Company Strategy and Development Direction - The company launched a new brand concept called LUCK IN HAND and initiated a promotional campaign offering high-quality coffee at RMB9.9 [3][18] - The company plans to continue expanding its presence in international markets, with seven stores in Singapore as of the end of the second quarter [19] - The focus remains on enhancing operational efficiency, brand building, and sustainable development [37][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining profitability while expanding market share through the RMB9.9 promotional campaign [28][29] - The company aims to achieve long-term, sustainable growth while enhancing customer value and brand influence [47][50] Other Important Information - The company reported a net operating cash inflow of RMB1,444.4 million, a significant improvement from the previous year [27] - General and administrative expenses as a percentage of revenue decreased from 10.4% to 6.9% year-over-year, indicating improved efficiency [26] Q&A Session Summary Question: How can you balance scale advantages and profitability while maintaining a competitive leading position? - Management noted that the RMB9.9 promotion has driven increased revenue and profit margins, reflecting customer recognition and brand loyalty [28] Question: Will you accelerate the speed of store openings in the second half of 2023? - The company confirmed plans to continue expanding its store network and emphasized the importance of a new partnership model to encourage high-quality partners [49][50]

luckin coffee August 1, 2023 This presentation contains certain financial measures that are not recognized under generally accepted accounting principles in the United States ("GAAP"), including non-GAAP operating income/(loss), non-GAAP net income/(loss), non-GAAP basic and diluted net income/(loss) per ADS. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For ...

Luckin Coffee Inc. Announces Second Quarter 2023 Financial Results 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, August 1, 2023 (GLOBE NEWSWIRE) — Luckin Coffee Inc. ("Luckin Coffee" or the "Company") (OTC: LKNCY) today announced its unaudited financial results for the three months ended June 30, 2023. SECOND QUARTER 2023 HIGHLIGHTS Please re ...

Luckin Coffee Inc. (OTCPK:LKNCY) Q1 2023 Earnings Conference Call May 1, 2023 8:00 AM ET Company Participants Alicia Guo - IR Jinyi Guo - Chairman & CEO Jing An - CFO Conference Call Participants Operator Ladies and gentlemen, welcome to Luckin Coffee's First Quarter 2023 Earnings Conference Call. [Operator Instructions]. Today's conference is being recorded. At this time, I would like to turn the call over to Ms. Alicia Guo, the Head of Investor Relations of Luckin Coffee, for prepared remarks and introduc ...

Luckin Coffee Inc. Announces First Quarter 2023 Financial Results Exhibit 99.1 First Quarter Net Revenues Increased 84.5% Improved Profitability Profile with GAAP Operating Income Margin of 15.3% More than 1,100 Net New Stores Openings; Expanded to More than 9,300 Stores Started International Expansion with Launch of Stores in Singapore BEIJING, May 1, 2023 (GLOBE NEWSWIRE) — Luckin Coffee Inc. ("Luckin Coffee" or the "Company") (OTC: LKNCY) today announced its unaudited financial results for the three mont ...