Luckin Coffee GAAP EPS of $0.03, Revenue of $1.22B Beats by $70M

Tiger Newspress

29 Apr

Luckin Coffee press release (OTCPK:LKNCY): Q1 GAAP EPS of $0.03.
Revenue of $1.22B (+40.3% Y/Y) beats by $70M.
First Quarter Same-Store Sales Growth for Self-Operated Stores Notably Improved to 8.1%
First Quarter GAAP Operating Margin Expanded Year-over-Year to 8.3%
More than 1,750 Net New Store Openings; Ended Quarter with a Total of 24,097 Stores
The shares gained 2.5% in premarket trading

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