瑞幸咖啡2025年第三季度财务业绩

BEIJING, November 17, 2025 (GLOBE NEWSWIRE)— Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (OTC: LKNCY) today announced itsunaudited financial results for the three months ended September 30, 2025. THIRD QUARTER 2025 HIGHLIGHTS Total net revenueswere RMB15,287.1 million (US$2,143.2 million), representing a 50.2% year-over-year increase. ·Net new store openingswere 3,008, comprising 2,979 stores in China (including Hong Kong), 5 stores in Singapore, 21 stores in Malaysia and 3 storesin the U.S.Total number of storesincreased to 29,214 at the third quarter end, comprising 18,882 self-operated stores and 10,332 partnership stores, ·Average monthly transacting customersreached a record high of 112.3 million, representing a 40.6% year-over-year increase.·Revenues from self-operated storeswere RMB11,080.3 million (US$1,553.4 million), representing a 47.7% year-over-year increase.·Same-store sales growth for self-operated storeswas 14.4%, significantly improved from negative 13.1% in the same quarter of 2024. ·Store level operating profit - self-operated storeswas RMB1,941.2 million (US$272.1 million), representing a 10.2% year-over-year increase. Storelevel operating margin was 17.5%, compared to 23.5% in the same quarter of 2024. ·Revenues from partnership storeswere RMB3,798.9 million (US$532.6 million), representing a 62.3% year-over-year increase. ·GAAP operating incomewas RMB1,776.6 million (US$249.1 million), representing a 12.9% year-over-year increase. GAAP operating margin was11.6%, compared to 15.5% in the same quarter of 2024.Non-GAAP operating income,which adjusts for share-based compensation expenses, was Dr. Jinyi Guo, Co-founder and CEO of Luckin Coffee, said, “Our scale-driven strategy continued to yield strong results. We sustained robust revenue growthmomentum through the third quarter, alongside another double-digit increase in self-operated same-store sales. Our expanding store network has enhancedour fulfilment capabilities, enabling us to capture rising customer demand and achieve a major milestone of surpassing 100 million average monthlytransacting customers for the first time. These achievements further reinforced our competitive edge and market leadership. Looking ahead, we remain THIRD QUARTER 2025 FINANCIAL RESULTS Total net revenueswere RMB15,287.1 million (US$2,143.2 million), representing an increase of 50.2% from RMB10,180.8 million in the same quarter of2024. Net revenues growth was primarily driven by a 48.1% year-over-year increase in GMV, which reached RMB17.3 billion, as a result of an increase in Revenues from product saleswere RMB11,488.3 million (US$1,610.6 million), representing an increase of 46.5% from RMB7,839.5 million in thesame quarter of 2024. ·Net revenues from freshly brewed drinks increased to RMB10,632.9 million (US$1,490.7 million) from RMB7,210.8 million in the same quarter of2024. This revenue stream accounted for 69.6% of total net revenues, compared to 70.8% in the same quarter of 2024. ·Net revenues from other products increased to RMB622.5 million (US$87.3 million) from RMB476.9 million in the same quarter of 2024. Thisrevenue stream accounted for 4.1% of total net revenues, compared to 4.7% in the same quarter of 2024. ·Net revenues from others increased to RMB232.9 million (US$32.7 million) from RMB151.8 million in the same quarter of 2024. This revenuestream accounted for 1.4% of total net revenues, compared to 1.5% in the same quarter of 2024. Revenues from partnership storeswere RMB3,798.9 million (US$532.6 million), representing an increase of 62.3% from RMB2,341.3 million in thesame quarter of 2024. This revenue stream accounted for 24.9% of total net revenues, compared to 23.0% in the same quarter of 2024. Revenues frompartnership stores included sales of materials of RMB2,023.5 million (US$283.7 million), delivery service fees of RMB866.5 million (US$121.5 Total operating expenseswere RMB13,510.6 million (US$1,894.1 million), representing an increase of 57.0% from RMB8,607.8 million in the samequarter of 2024. The increase primarily resulted from the Company’s business expansion. Operating expenses as a percentage of net revenues was 88.4%,compared to 84.5% in the same quarter of 2024. The ratio increase was primarily attributable to the rise in delivery expenses as a percentage of net revenues Cost of materialswere RMB5,539.9 million (US$776.7 million), representing an increase of 40.6% from RMB3,939.9 million in the same quarter of2024. The increase was mainly due to increases in (i) the number of products sold and (ii) sales of materials to partnership stores. Store rental and other operating costswere RMB3,097.1 million (US$434.2 million), representing an increase of 35.5% from RMB2,284.9 million inthe same quarter of 2024. The increase mainly resulted from the increased number of stores and items sold which led to year-over-year increases in ·Depreciation and amortization expenseswere RMB410.0 million (US$57.5 mill