Luckin Coffee Announces Third Quarter 2026 Financial Results
Globe Newswire•03/11/2026•07:00 ET
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Key Highlights
- ➤Net revenues RMB17.9 billion, up 17.0% year-over-year
- ➤GAAP operating income RMB2.8 billion, up 55.1%; margin reached 15.4%
- ➤123.0 million average monthly transacting customers, up 9.6% year-over-year
- ➤38,909 stores after 2,599 net openings, increasing store count 7.2% sequentially
- ➤New share repurchase program authorizes up to US$500 million over 12 months
Expert Statements
Jinyi Guo, Co-founder and CEO of Luckin Coffee
“Our execution of the high-quality, scaled growth strategy continued to yield positive results. Amid growing coffee demand in China, our average monthly transacting customers reached another record high, while we maintained an industry-leading pace of store expansion. We also continued to improve profitability, with quarterly non-GAAP net income reaching a record RMB2.1 billion. These results further validate our digitally driven end-to-end business model and reinforce our confidence in capturing the secular growth opportunities in China’s coffee market. With this in mind, we are pleased to announce that our board has approved a new share repurchase program of up to US$500 million. Looking ahead, we remain focused on market share gains and long-term value creation for shareholders.”
Net Revenues Increased by 17.0% Year-over-Year to RMB17.9 Billion
GAAP Operating Income Increased by 55.1% Year-over-Year to RMB2.8 Billion, with Operating Margin Expanding to 15.4%
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