Dividends & Buybacks ·
Luckin Coffee Inc. announced that its board of directors approved an upsizing of its existing share repurchase…
LKNCYLuckin Coffee Inc.
Luckin Coffee Inc. announced that its board of directors approved an upsizing of its existing share repurchase program, increasing the aggregate authorization from US$300 million to US$500 million. This additional US$200 million in buyback authority is effective through the original term ending April 30, 2027. As of August 31, 2026, the company had repurchased 71.6 million Class A ordinary shares for a total consideration of US$287.2 million under the initial program. The company operates in the coffee retail and food and beverage industry.