LKNCY / Why Is Luckin Coffee (LKNCY) Stock Down Today?

Luckin Coffee hit 10,000 stores in China in June, surpassing Starbucks as the largest coffee chain brand in the country following rapid nationwide exp more_horizontal

Luckin Coffee has joined forces with Kweichow Moutai, the maker of China's fiery national liquor baijiu, for an unusual offering: alcoholic lattes. more_horizontal

Luckin's beveraged coffee strategy catalyses China's Coffee revolution. Strategic store placement and brand power allows Luckin to benefit from this C more_horizontal

New management has focused the coffee shop chain on profitable growth. Store openings have soared, and the company is starting to venture abroad. more_horizontal

Luckin Coffee opened approximately 1,241 new stores in China during 2Q 2023 and 8 new stores in Singapore by the end of July 2023. As expected, the Co more_horizontal

Humans need to excel at things AI can't do – and that means more creativity and critical thinking and less memorisation more_horizontal

Luckin Coffee has recovered from its accounting scandal and bankruptcy, achieving profitability in 2022 under new CEO Jinyi Guo. The company is well-p more_horizontal

Luckin Coffee stock price has been a strong underperformer this year even as the company implements its turnaround. It has slipped by more than 33% fr more_horizontal