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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Luckin Coffee
Luckin Coffee (LKNC) investor relations material
Luckin Coffee has been otc
Luckin Coffee Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary3 Nov, 2026
Executive summary
Q3 net revenue rose 17.0% YoY to RMB17,891.5m; GAAP operating income increased 55.1% to RMB2,756m, with operating margin up 3.8 percentage points to 15.4%.
Non-GAAP net income reached a quarterly record of RMB2,144.8m, up 50.9% YoY; average monthly transacting customers reached a record 123.0m, up 9.6%.
The store network added 2,599 net locations and reached 38,909 globally.
Financial highlights
GMV increased 19.7% YoY to RMB20.7bn; product sales revenue rose 18.8% to RMB13,648.7m, including RMB12,438.4m from freshly brewed drinks.
GAAP net income rose 45.4% YoY to RMB1,858.9m; non-GAAP net income rose 50.9% to RMB2,144.8m.
Operating expenses increased 12.0% to RMB15,135.5m, but fell to 84.6% of revenue from 88.4%, mainly reflecting lower delivery expenses as a revenue share.
Operating cash flow was RMB4,131.8m, versus RMB2,069.2m in Q3 2025; quarter-end cash, restricted cash, term deposits and short-term investments totaled RMB14,333.4m.
Outlook and guidance
Priorities include market-share gains, long-term shareholder value, continued store expansion and profitability improvement, supported by a digitally driven model and confidence in China's coffee-market growth.
No quantitative forward guidance was stated; same-store sales improved month by month from July through September, with the pace of improvement accelerating into Q4.
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Latest events from Luckin Coffee
- Net revenues up 28.5%–29% and net profit up 16%–16.1% with record customer and store growth.LKNC
Q2 2026 - Revenue up 35.3% to RMB12.0B, non-GAAP net income up 6%, US$300M buyback announced.LKNCQ1 2026
- 2025 net revenues jumped 43% with 8,708 new stores, but margins narrowed amid higher costs.LKNCQ4 2025
- Net revenues up 50.2% YoY to RMB15.3B, with record customers and 3,008 new stores.LKNCQ3 2025
- Net revenues up 47.1% and record customer growth drive global expansion and profit.LKNCQ2 2025
- Record Q3 revenue of RMB 10.2 billion, strong profit, and rapid global store expansion.LKNCQ3 2024
- Q2 2024 revenue up 35.5%, profitability restored, and store count exceeded 20,000.LKNCQ2 2024
- 41.2% revenue growth, profitability rebound, and strong store and customer expansion in Q1 2025.LKNCQ1 2025
- Record revenue, profit, and store growth in 2024, with expanding margins and customer base.LKNCQ4 2024
Next Luckin Coffee earnings date
Q4 202625 Feb, 2027
Luckin Coffee
Next Luckin Coffee earnings date
Q4 202625 Feb, 2027
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Frequently asked questions
Luckin Coffee Inc. is a coffeehouse chain specializing in freshly brewed coffee, tea, and other beverages. The company operates primarily through a network of self-operated stores and pickup locations, integrating mobile app-based ordering and digital payments to enhance customer convenience. In addition to its retail outlets, Luckin Coffee collaborates with third-party partners for delivery services. Luckin Coffee is headquartered in Xiamen, China, and its shares are listed on the OTC Markets.