Luckin Coffee reported Q2 revenue of RMB 15.89 billion, up 28.5% YoY, and said
it opened more than 5,000 stores in 1H. Q2 average monthly transacting customers
were 112.7 million, up 22.9% YoY. Company-operated same-store sales fell 5.3%
YoY in Q2, citing a high base from last year’s delivery promotions (same period
in 2025: +13.8%). Q2 operating profit from company-operated stores was RMB 2.47
billion, up 25.9% YoY, with store operating margin roughly unchanged YoY. CEO
Guo Jinyi said the China coffee market remains in a rapid growth phase with
rising penetration and frequency, and Luckin will maintain its store-opening
pace to expand market share.
