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published in Blogs
Mar 25, 2022
Luckin Coffee (LKNCY, $10.90) Q4 revenue climbs more than 80% year-over-year

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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