Luckin Coffee reports Q2 adjusted EPS RMB 4.40 vs. RMB 3.04 last year

Total net revenues were RMB12,358.7 million, representing a 47.1% year-over-year increase. Net new store openings were 2,109, comprising 2,085 stores in China, 6 stores in Singapore, 16 stores in Malaysia and 2 stores in the U.S. Total number of stores increased to 26,206 at the second quarter end, comprising 16,968 self-operated stores and 9,238 partnership stores, which represented a store unit growth of 8.8% from the total store count as of the end of the first quarter of 2025. Average monthly transacting customers reached a record high of 91.7 million, representing a 31.6% year-over-year increase. Same-store sales growth for self-operated stores was 13.4%, notably accelerated from 8.1% in the previous quarter, and significantly improved from negative 20.9% in the same quarter of 2024. Jinyi Guo, Co-founder and CEO of Luckin Coffee (LKNCY), said, “Our focused execution of a scale-driven strategy accelerated revenue growth and improved operating margins in the second quarter. By leveraging our strengths in scale, operational efficiency, fulfillment, and supply chain, we capitalized on industry momentum and achieved double-digit same-store sales growth in our self-operated stores. Looking ahead, we remain committed to expanding our market share. Backed by our scale advantage, continuing product innovation, and deep user insights, we are well positioned to navigate evolving market conditions with agility. We believe these capabilities will drive sustainable, high-quality long-term growth and further reinforce our market leadership.”