Luckin Coffee publishes Q3 2026 earnings call transcript
Luckin Coffee reported third-quarter revenue rose 17% to RMB 17.9 billion and net profit increased 45% to RMB 1.9 billion. It announced a new one-year $500 million share repurchase program, which will begin after its existing authorization is exhausted; $391 million had been spent.
1. Results and repurchase plan
Luckin Coffee announced a new one-year $500 million share repurchase program during its November 3 third-quarter earnings call. The program will start once the existing $500 million authorization is exhausted, with $391 million spent so far. Revenue rose 17% to RMB 17.9 billion and net profit increased 45% to RMB 1.9 billion.
2. Same-store sales
Self-operated same-store sales fell 11.1% as delivery subsidies declined. CEO Jinyi Guo said improvement was faster entering the fourth quarter.
