Recent Updates — LKNCY

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.

Luckin Coffee Inc. announced the appointment of Mr. Philip Yifei Bao to its board of directors, effective September 29, 2026. Following this addition, the Board consists of ten directors, including three independent directors. Mr. Bao currently serves as Director of Private Equity China at Mubadala Investment Company P.J.S.C., where he leads private equity investments in China. He holds degrees from the University of Cambridge and previously worked in investment banking in London. Luckin Coffee Inc. operates in the food and beverage industry, providing coffee and related products through a technology-driven retail network.

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.

Luckin Coffee Inc. reported second quarter 2026 financial results showing total net revenues increased 28.5% year-over-year to RMB15.9 billion (US$2.34 billion). GAAP operating income rose 22.0% to RMB2.1 billion, while net income grew 16.1% to RMB1.5 billion. The company added 2,714 net new stores, bringing the total store count to 36,310, and average monthly transacting customers reached a record high of 112.7 million. Same-store sales growth for self-operated stores declined to negative 5.3% from 13.8% in the prior year period. The company repurchased 48.9 million Class A ordinary shares for US$195.1 million under its existing program. Luckin Coffee Inc. operates a technology-driven retail coffee chain primarily in China.