海外消费行业周更新：瑞幸咖啡营收破百亿，Miu Miu销售额同比翻番

Investment Rating - The report indicates a positive outlook for the overseas consumption industry, with specific companies showing strong performance metrics [10]. Core Insights - Luckin Coffee achieved a record revenue of 10.18 billion yuan in Q3 2024, reflecting a year-on-year growth of 41.4%, driven by increased sales volume, store count, and monthly active customers [2][3]. - Miu Miu's sales surged by 105% year-on-year in Q3 2024, contributing to Prada Group's overall revenue growth of 18% for the first nine months of 2024 [5]. - Adidas reported a double-digit revenue growth in Q3 2024, with a 9% increase in the Greater China region, highlighting the brand's resilience in a challenging market [7]. Summary by Sections Individual Company Performance - Luckin Coffee's Q3 2024 revenue reached 10.18 billion yuan, with a net profit of 1.3 billion yuan, marking a 31.8% increase year-on-year [2]. - The company’s gross margin improved to 61.1%, up 5.1 percentage points from the previous year, attributed to product matrix adjustments [3]. - Miu Miu's sales for the first nine months of 2024 reached 8.54 billion euros, with a 97% increase year-on-year [5]. - Adidas reported a 10% increase in currency-neutral revenue for Q3 2024, with a gross margin of 51.3% [7]. Market Trends - The report highlights a general trend of increasing sales in the overseas consumption sector, with notable performances from brands like Luckin Coffee and Miu Miu [2][5]. - The overall consumer sentiment appears to be recovering, as indicated by the performance of major brands in the market [7]. Financial Metrics - Luckin Coffee's operating profit for Q3 2024 was 1.56 billion yuan, with an operating margin of 15.3% [3]. - Miu Miu's continuous growth over 15 quarters suggests a strong brand positioning and consumer demand [5]. - Adidas's revenue growth in the Greater China region indicates a positive trend in consumer spending despite broader market challenges [7].