Luckin Coffee(LKNCY) - 2024 Q2 - Quarterly Report

Exhibit 99.1 Profitability Improved From Last Quarter with GAAP Operating Margin of 12.5% · Net new store openings during the second quarter was 1,371, including five new store openings in Singapore, resulting in a quarter-over-quarter store unit growth of 7.4% from the number of stores at the end of the first quarter of 2024, ending the second quarter with 19,961 stores which include 13,056 self-operated stores and 6,905 partnership stores. · Revenues from self-operated stores in the second quarter were RM ...