Customer GrowthCustomer growth is healthy, with average monthly customers increasing by 24%, and customer stickiness is improving as monthly sales per transacting customer continue to grow.
Sales PerformanceThe company's sales increased by 41% year-over-year, exceeding estimates due to better-than-expected same-store sales growth and faster store expansion.
Supply ChainThe company has secured an exclusive right of coconut supply in Indonesia, which could be critical for its overseas expansion in Southeast Asia.
ValuationLuckin Coffee remains one of the analyst's sector top picks, trading at attractive discounts compared to peers.