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.