Looking further ahead, a large-scale expansion of Luckin Coffee (OTCPK:LKNCY) at scale could threaten established chains such as Starbucks (NASDAQ:SBUX), Dunkin' Donuts, and Dutch Bros.
Luckin Coffee is already giving Starbucks a run for its money in China. Now, it’s hoping to take the fight for coffee ...
View Luckin Coffee Inc. (LKNCY) current and estimated P/E ratio data provided by Seeking Alpha.
China’s Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges, the Securities and Exchange Commission says. The SEC charged the company with defrauding ...
By Q2 2023, Luckin had opened 10,000 stores, giving it scale and advantage with new opportunities to attract fresh customers. KweiChow Moutai, despite being a national alcohol brand, faced challenges ...
The company said its international business “will need to reach significant scale” before it can achieve profits. Luckin earned 2.1 billion yuan ($289 million) in net income for the first nine ...