Source: Daishi Capital
November 22, 2022$Luckin Coffee (LKNCY.US)$Financial data for the third quarter of 2022 were released. In the quarter, the company's total net income reached 3.895 billion yuan, an increase of 65.7% over the same period last year. The profit margin at the store level of self-operated stores was 29.2%, reaching 807 million yuan, and the growth rate of same-store sales was 19.4%. Under the US Accounting Standards (GAAP), the operating profit is 585 million yuan, and the operating profit margin is 15.0%, breaking through double digits for the first time, and profitability continues to improve.