Luckin Coffee

[Luckin Coffee (LKNCY US, BUY, TP US$41) Earnings Review]: Price War Will Work to Luckin’s Advantage

408 Views05 May 2023 08:38
Luckin Coffee reported its 1Q23 revenue 4.2% higher than our estimate. The revenue beat is due to higher-than-expected store expansion, while SSSG is in-line with our estimate.
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
  • Unlock all research summaries
  • Follow top, independent analysts
  • Receive personalised alerts and emails
  • Access Briefings, Analytics, and Events

Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.

Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.

Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 10-minute read)
(Paid Plans Only)