Luckin Coffee Inc. (LKNCY), a Chinese coffee company and coffeehouse chain, on Tuesday posted a rise in net earnings for the third quarter of fiscal 2026, helped by increased revenue.
For the three-month period to September 30, the company posted a net income of RMB 1.858 billion, or RMB 0.74 per share, compared with RMB 1.278 billion, or RMB 0.49 per share in the same period last year. Net income per ADS stood at RMB 5.92 as against the prior year's RMB 3.92 per ADS.
Adjusted profit was RMB 2.144 billion, or RMB 0.85 per share, higher than RMB 1.421 billion, or RMB 0.55 per share in the previous year. Excluding items, income was RMB 6.80 per ADS, compared with RMB 4.40 per ADS a year ago.
Operating income was RMB 2.755 billion, higher than RMB 1.776 billion last year. Total net revenue moved up to RMB 17.891 billion from RMB 15.287 billion in the previous year. This growth was primarily driven by a 19.7% year-over-year increase in gross merchandise value, which reached RMB20.7 billion, as a result of an increase in the number of products sold resulting from growth in the number of stores in operation as well as monthly transacting customers.
In addition, the board has approved a n...