Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Investing.com -- Luckin Coffee (OTC:LKNCY) reported second quarter net revenue of 12.36 billion yuan, representing a 47% increase year-over-year and exceeding the average analyst estimate of 11.16 billion yuan.
The Chinese coffee chain posted net income of 1.25 billion yuan for the quarter, up 44% compared to the same period last year.
Luckin Coffee’s total store count reached 26,206, marking a 31% increase from the second quarter of 2024.
The company reported its average monthly transacting customers rose to 91.70 million, growing 32% year-over-year.
Adjusted net income per American Depositary Share (ADS) was 4.40 yuan, showing a 45% increase compared to the previous year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.