Luckin Coffee (LKNCY, $10.90) Q4 revenue climbs more than 80% year-over-year

Luckin Coffee posted its fourth quarter net revenues that climbed more than +80%.

The company’s net new store openings during the fourth quarter was 353, implying a quarter-over-quarter store unit growth of 6.2%. The quarter ended with 6,024 stores of which 4,397 self-operated stores and 1,627 partnership stores.

Luckin’s average monthly transacting customers in the fourth quarter rose +67% from the year-ago quarter to 16.2 million. Same-store sales growth for self-operated stores in the fourth quarter was 43.6%, compared to 9.2% in the year-ago quarter.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.