The earnings call highlighted significant achievements in revenue growth, store expansion, and customer base enlargement. However, challenges like negative same-store sales growth and ongoing losses in the Singapore market were also noted. The overall sentiment is positive due to the strong financial performance and strategic growth initiatives outweighing the challenges.

Company Guidance

During Luckin Coffee's Q3 2024 earnings call, the company reported impressive growth metrics despite operating in a complex market environment. Total net revenue reached RMB 10.80 billion, marking a 41.4% year-over-year increase. The operating profit was RMB 1.56 billion, with an operating margin of 15.3%, while the net profit was RMB 1.3 billion, reflecting a net margin of 12.8%. Self-operated store operating profit was RMB 1.75 billion, with a margin of 23.3%. The company added 1,382 net new stores, bringing the total number of stores in Mainland China to 21,298. The number of monthly average transaction customers increased by over 10 million from the previous quarter to 79.85 million. The company also highlighted the success of its product innovations, such as the light milk tea series, which sold over 44 million cups in its first month. In terms of international expansion, Luckin Coffee continues to grow its presence in Singapore, operating 35 stores, although the business has not yet achieved profitability.

Record Revenue Achievement

For the first time, single coffee revenue surpassed RMB 10 billion, with total net revenue reaching RMB 10.80 billion, a 41.4% year-over-year increase.

Expansion of Store Network

1,382 net new store openings in Q3, increasing total store count to 21,343, including 13,936 self-operated and 7,407 partnership stores.

Product Innovation Success

Launched 28 new specialty beverages and several light products; light milk tea sold over 44 million cups in its first month.

Increased Profitability

Operating profit reached RMB 1.56 billion with an operating margin of 15.3%. Net profit was RMB 1.3 billion, reflecting a net margin of 12.8%.

Strong Customer Growth

Average monthly transaction customers reached 79.85 million, a 36.5% increase year-over-year.

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Luckin Coffee (GB:0A6U) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0A6U Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 20, 2025	2024 (Q4)	0.02 / -	0.12	―	―	―
Oct 30, 2024	2024 (Q3)	0.05 / 0.07	0.053	30.77% (+0.02)	―	―
Jul 30, 2024	2024 (Q2)	- / 0.05	0.053	-12.82% (>-0.01)	―	―
Apr 30, 2024	2024 (Q1)	- / >-0.01	0.033	-112.50% (-0.04)	―	―
Feb 23, 2024	2023 (Q4)	0.32 / 0.02	0.003	500.00% (+0.01)	―	―
Nov 01, 2023	2023 (Q3)	0.51 / 0.05	0.029	85.71% (+0.02)	―	―
Aug 01, 2023	2023 (Q2)	0.25 / 0.05	-0.007	880.00% (+0.06)	―	―
May 01, 2023	2023 (Q1)	0.25 / 0.03	0.001	2300.00% (+0.03)	―	―
Mar 02, 2023	2022 (Q4)	- / <0.01	0.058	-95.24% (-0.05)	―	―
Nov 22, 2022	2022 (Q3)	- / 0.03	-0.001	2200.00% (+0.03)	―	―

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

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GB:0A6U Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2024	$23.88	$26.75	+12.02%
Jul 30, 2024	$22.35	$20.78	-7.02%
Apr 30, 2024	$21.13	$20.54	-2.79%
Feb 23, 2024	$24.20	$23.09	-4.59%

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.

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