1149 ET - Chinese chain Luckin Coffee continued its high-octane growth in 1Q, adding 1,750 new stores and reporting a 8% same-store sales increase. But the Starbucks competitor sees challenges on the horizon, with its costs expected to grow later this year as coffee prices across the globe rise. Competition in China is also growing, the company says on an investor call, as Chinese tea chain Chagee recently filed to go public and beverage giant Mixue offered its shares earlier this year. Starbucks reports results after the bell. (heather.haddon@wsj.com; @heatherhaddon)
(END) Dow Jones Newswires
April 29, 2025 11:49 ET (15:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。