LKNCYOTCRetail-Eating & Drinking PlacesUS GAAP · USD

Luckin Coffee Inc.

Luckin Coffee Inc. operates a technology-enabled coffee retail network in China that sells coffee, tea-based drinks, and related food and beverage items through a store-led model supported by digital ordering. The company was founded in 2017 and is based in Xiamen, China, with its business centered on convenient, affordable beverage purchases for everyday consumers.

Kysy yhtiöstä
Liikevaihto49,3mrd USD
+43,0 %v/v
Liikevoitto (EBIT)5 073milj. USD
+43,4 %v/v
EBIT-marginaali10,3%
+0,0 %-yks.v/v
Nettotulos3 600milj. USD
+22,8 %v/v
Vapaa kassavirta3 467milj. USD
+79,9 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−200204060mrd USD2020: 4,0 mrd USD2020: EBIT −2,6 mrd USD20202021: 8,0 mrd USD2021: EBIT −0,54 mrd USD20212022: 13,3 mrd USD2022: EBIT 1,2 mrd USD20222023: 24,9 mrd USD2023: EBIT 3,0 mrd USD20232024: 34,5 mrd USD2024: EBIT 3,5 mrd USD20242025: 49,3 mrd USD2025: EBIT 5,1 mrd USD202549,35,1
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Coffee beverages55 %

Core hot and iced coffee drinks sold through the retail network.

Tea and non-coffee drinks25 %

Milk tea, fruit tea, and other beverage offerings beyond coffee.

Food items10 %

Bakery, snacks, and paired food products sold alongside drinks.

Retail and delivery services10 %

Digital ordering, pickup, and store-based convenience services tied to beverage sales.

Tuotteet

Raportoitu · osuus liikevaihdosta
70,2%14,1%FY2025100 %
  • Revenues From Freshly Brewed Drinks70,2 %
  • Sale of Materials14,1 %
  • Revenues From Other Products4,7 %
  • Other Products4,3 %
  • Profit Sharing3,3 %
  • Muut3,2 %

Lähde: 20-F FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Luckin Coffee serves individual consumers who want convenient, low-friction beverage purchases through mobile ordering and nearby stores. Its customers are typically urban and office-oriented drink buyers seeking affordable coffee and tea for daily consumption rather than formal café experiences.

Urban daily beverage consumers

Buy coffee and tea drinks for routine personal consumption and convenience.

Office and commuter customers

Buy ready-to-pick-up drinks near workplaces and transit routes for speed.

Price-sensitive mass market

Chooses the brand for affordability versus traditional café chains.

Mobile-first app users

Uses the company app for ordering, promotions, and store pickup.

Strategia

Luckin Coffee’s strategy centers on building a technology-driven retail network that combines convenience, affordability, and product breadth. The model relies on proprietary technology, digital ordering, and a dense store footprint to increase purchase frequency and strengthen brand relevance in everyday consumption.

Expand store network densityLyhyt aikaväli

A dense footprint improves convenience and supports frequent purchases.

Strengthen technology-enabled orderingKeskipitkä aikaväli

Digital workflows help reduce friction and support scalable retail operations.

Build a mass-market coffee brandPitkä aikaväli

Brand recognition and everyday affordability are central to repeat demand.

Maantiede

Luckin Coffee’s business is concentrated in China, where it operates its retail network and serves local consumer demand. The company is based in Xiamen, Fujian, and its operating footprint is tied to Chinese urban markets and the logistics needed to support frequent beverage sales.

Riskit

Luckin Coffee is exposed to intense competition in China’s beverage retail market, where consumer preferences, pricing, and convenience can shift quickly. Its store-led model also depends on execution quality, traffic generation, supply chain reliability, and the ability to maintain customer trust in a high-frequency consumer business.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Intense competition in beverage retail1Store network execution risk2Demand volatility and promotional sensitivity3Single-country concentration4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Intense competition in beverage retailVaikutus: KorkeaTodennäköisyys: Korkea

    Coffee and tea buyers can switch quickly among chains and local alternatives.

    Kohdistuu: China consumer beverage market

  2. Store network execution riskVaikutus: KorkeaTodennäköisyys: Korkea

    The business depends on opening, operating, and monetizing a dense retail footprint.

    Kohdistuu: Store-level operations

  3. Demand volatility and promotional sensitivityVaikutus: KeskitasoTodennäköisyys: Korkea

    A price-competitive model can be affected by changing consumer preferences and promo intensity.

    Kohdistuu: Mass-market beverage demand

  4. Single-country concentrationVaikutus: KeskitasoTodennäköisyys: Korkea

    Operations are centered in China, increasing exposure to local regulation and macro conditions.

    Kohdistuu: China

Kirjanpito

Harkinnanvaraiset erät
Unaudited preliminary financial information

Management notes the figures are preliminary and may differ after audit.

Vaikutus: Reported results may be revised materially.

Revenue recognition at point of sale

Sales are generated through immediate consumer transactions in stores and apps.

Vaikutus: Revenue timing depends on transaction completion.

Lease accounting

A large store network typically creates significant lease commitments and right-of-use assets.

Vaikutus: Affects operating expenses, assets, and liabilities.

Estimates and provisions

Consumer retail businesses often rely on estimates for accruals and store-related liabilities.

Vaikutus: Can affect earnings and balance-sheet reserves.

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 28.9.2026