Luckin Coffee Inc. Q3 2025 Earnings Recap

Luckin Coffee delivered a robust performance in Q3 2025, with revenue soaring 50% year-over-year to RMB 15.3 billion and operating profit increasing to RMB 1.8 billion amidst aggressive expansion and strong customer acquisition.

Key Takeaways

• Revenue grew by 50% year-over-year, reaching RMB 15.3 billion; same-store sales rose 14.4%.
• Operating profit stood at RMB 1.8 billion, demonstrating resilience despite competitive pressures in the delivery segment.
• Total store count exceeded 29,000, with 2,979 net new openings in China and successful international expansion to 118 stores.
• Achieved a record high of 42 million new transacting customers, bringing average monthly transactions to over 110 million.
• Continued product innovation with nearly 30 new beverage launches, enhancing brand leadership and market appeal.