LKNCY / Luckin Coffee Stock Treks Higher on 90% Revenue Growth

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