Luckin Coffee, a pioneer in coffee vending and a competitor to Starbucks in China, reported major sales and income gains for Q2 2023, according to a press release, sending its share price to a record level. Highlights include: Total net…
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.
Luckin Coffee has recovered from its accounting scandal and bankruptcy, achieving profitability in 2022 under the new CEO. See why I rate the stock a Buy now.
Luckin Coffee Inc., a pioneer in coffee vending and a competitor to Starbucks in China that returned to growth this year following a 2021 bankruptcy, boosted its sales and earnings for Q1 2023, according to an earnings report. Highlights include:…
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 . | May 1, 2023