Earnings ·
Luckin Coffee reports Q3 net revenues up 17% to RMB17.9B and approves new $500M share buyback
LKNCYLuckin Coffee Inc.
Luckin Coffee Inc. reported third-quarter 2026 total net revenues of RMB17,891.5 million (US$2,666.0 million), a 17.0% increase year-over-year. GAAP operating income rose 55.1% to RMB2,755.9 million with an operating margin of 15.4%, while non-GAAP net income reached a record RMB2,144.8 million. The company added 2,599 net new stores, bringing the total count to 38,909, and average monthly transacting customers hit a record high of 123.0 million. Additionally, the board approved a new share repurchase program authorizing up to US$500 million for Class A ordinary shares.