Welcome to our dedicated page for Luckin Coffee news (Ticker: LKNCY), a resource for investors and traders seeking the latest updates and insights on Luckin Coffee stock.
Luckin Coffee Inc. (OTC: LKNCY), a pioneer in technology-driven coffee retail, provides real-time updates through this dedicated news hub. Track official press releases, financial disclosures, and strategic developments from the company redefining China’s coffee market through digital innovation and operational efficiency.
This resource delivers curated updates including quarterly earnings reports, partnership announcements, product launches, and supply chain advancements. Investors gain insights into store expansion strategies, technological upgrades to its mobile-first platform, and market positioning against competitors.
All content is sourced from verified corporate communications and regulatory filings, ensuring accuracy for financial decision-making. Explore updates on operational milestones like new urban store clusters, sustainability initiatives, and international market tests.
Bookmark this page for streamlined access to Luckin Coffee’s evolving narrative. Combine our updates with Stock Titan’s analytical tools to monitor LKNCY’s progress in blending tech innovation with rapid retail execution.
Luckin Coffee (OTC: LKNCY) has announced it will release its second quarter 2024 financial results on July 30, 2024, before the U.S. market opens. The company will hold a conference call at 8:00 am Eastern Time (8:00 pm Beijing Time) on the same day to discuss the results. Shareholders can submit questions for the earnings call through a dedicated platform. The call will be accessible via various toll-free and international numbers, with a replay available until August 6, 2024. A live and archived webcast of the conference call will also be available on Luckin Coffee's investor relations website.
On May 23, 2024, Luckin Coffee (OTC: LKNCY) announced changes to its Board of Directors. Each director's term is two years, with reappointment possible upon term expiration. The terms of Jinyi Guo, Wenbao Cao, Feng Liu, Yang Cha, Sean Shao, Weihao (Michael) Chen, Shaoqiang (Gary) Liu, Jun Liu, and Qianli Liu expired in May 2024. Yang Cha chose not to seek reappointment but will remain an external strategic advisor. The other directors were reappointed. The Board now includes nine directors, with specific members assigned to the Audit, Compensation, and Nominating and Corporate Governance Committees.
Luckin Coffee Inc. announced a strong first quarter for 2024 with a 41.5% increase in net revenues, a 103.2% rise in average monthly customers, and 2,342 new store openings, reaching a total of 18,590 stores. However, same-store sales for self-operated stores declined by 20.3%. The Company's GAAP operating loss was RMB65.1 million compared to an operating income of RMB678.4 million in the same quarter of 2023. Non-GAAP operating income decreased to RMB5.0 million from RMB730.5 million in Q1 2023.
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