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Luckin Coffee Inc (LKNCY)
OTHER OTC:LKNCY
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.09Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong full-year growth across revenue, profits, customer additions and store expansion, supported by a materially improved cash position and validated international pilots. However, management flagged near-term headwinds: Q4 same-store sales moderation, notable quarterly margin contraction, and sharply higher delivery and operating expenses driven by changing subsidy dynamics. Management frames these as expected, short-term effects and reiterated a scale-focused, disciplined growth strategy with continued product innovation and digital/AI investments. On balance, the company delivered sizable structural gains while acknowledging temporary profitability pressure and market volatility.Company Guidance
Strong Full-Year Revenue and Profit Growth
Total net revenues increased 43% year-over-year to RMB 49.3 billion for FY2025. GAAP operating profit rose 42% to ~RMB 5.1 billion (operating margin 10.3%). Non-GAAP operating profit increased 43% to ~RMB 5.6 billion (non-GAAP margin 11.5%). Net profit grew 22% to RMB 3.6 billion (net margin 7.3%); non-GAAP net profit up 27% to RMB 4.2 billion (non-GAAP net margin 8.5%).
Quarterly Revenue and GMV Expansion
Q4 total net revenue increased 33% year-over-year to RMB 12.8 billion. Gross merchandise value (GMV) grew 33% year-over-year to RMB 14.8 billion, driven by higher cup volumes and store expansion.
Large-Scale Store Expansion and Milestones
Reached total store count of 31,048 by Q4 (domestic 30,888). Added 1,792 net new stores in China in the quarter. Surpassed 20,000 self-operated stores (20,144 self-operated), becoming the first food & beverage chain in China to do so — reinforcing scale and coverage.
Material Customer and Volume Gains
Added over 110 million new transacting customers during the year, bringing cumulative transacting customers to over 450 million. Annual sales of freshly brewed beverages rose 39% year-over-year to 4.1 billion cups. Average monthly transacting customers grew 26% year-over-year to over 98 million and exceeded 100 million for five consecutive months (June–October).
Improved Cash Position and Cash Generation
Generated ~RMB 565 million in net operating cash in Q4. Year-end total cash position improved to ~RMB 9.0 billion versus RMB 5.9 billion at end-2024, providing flexibility for disciplined expansion.
Product Innovation and Portfolio Diversification
Launched ~30 new freshly brewed beverages and ~12 snack items in Q4; over 140 new product launches in 2025. Expanded non-coffee portfolio such that non-coffee beverages accounted for more than 20% of total cups for FY2025, and introduced origin-focused premium offerings and dark-roast options.
Progress on International Expansion
Overseas store count reached 160 (added 42 net new in Q4). Singapore business (~81 self-operated stores) validated with stable store-level profitability; Malaysia franchise footprint at 70 stores with initial targets met. U.S. expansion in early stages with 9 stores opened as part of a disciplined, long-term strategy.
LKNCY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LKNCY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $37.55 | $36.07 | -3.94% |
Nov 17, 2025 | $37.80 | $40.00 | +5.82% |
Jul 30, 2025 | $38.60 | $38.26 | -0.88% |
Apr 29, 2025 | $35.14 | $34.20 | -2.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Luckin Coffee Inc (LKNCY) report earnings?
Luckin Coffee Inc (LKNCY) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Luckin Coffee Inc (LKNCY) earnings time?
Luckin Coffee Inc (LKNCY) earnings time is at May 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LKNCY EPS forecast?
LKNCY EPS forecast for the fiscal quarter 2026 (Q1) is 0.09.
