Strong Revenue Growth
Total net revenue rose by 41% year-over-year to around RMB8.9 billion, driven by a 42% year-over-year increase in GMV which reached RMB10.4 billion.
Expansion of Store Network
Luckin Coffee expanded to over 24,000 stores, adding 1,743 net new stores in China and 14 net new stores internationally, reaching a total of 24,097 stores.
Improvement in Operating Profit
Operating profit rebounded to nearly RMB740 million with operating margins rising to 8.3%, and store-level operating profit increased by 245% year-over-year to RMB1.1 billion.
Positive Same-Store Sales Growth
Same-store sales growth for self-operated stores returned to positive territory at 8.1% following a year of fluctuation.
Product Innovation and Customer Growth
Launch of 15 new beverages and light meals contributed to customer base growth, adding over 20 million new transacting customers, with cumulative transacting customers exceeding 350 million.
Sustainability Achievements
The flagship store in Zhongguancun, Beijing, received the highest LEED IDC Platinum certification for green building, demonstrating leadership in global sustainability standards.