Luckin Coffee (LKNCY)
Coverage summary
Aardvark Labs Capital Research has covered Luckin Coffee (LKNCY) since July 31, 2025. The company is in the Consumer Cyclical sector. This page lists 6 reports: 6 earnings recaps.
The latest is the Q3 2026 Earnings Recap, published November 5, 2026. The current rating is Outperform, unchanged since the Q1 2026 Earnings Recap of April 30, 2026. The rating has changed once since coverage began.
Translations: 5 in Chinese.
Rating history
All LKNCY reports
Recap: Q3 2026
Margin Expansion Finally Comes From Somewhere Other Than Delivery, and the Board Adds Another US$500 Million
Recap: Q2 2026
The Margin Trough Reversed in One Quarter. Same-Store Sales Got Worse. The First Fact Matters More.
Recap: Q1 2026
A Maiden $300M Buyback at a Washed-Out Valuation Flips the Risk/Reward, Even as Same-Store Sales Turn Negative
Recap: Q4 2025
The Telegraphed Trough Arrives: Margins Halve and Net Income Falls 39%, While the Full Year Still Grew 43% and the Unit Machine Stays Intact
Recap: Q3 2025
Revenue Accelerates to +50% and Customers Cross 100 Million, While Delivery Costs Compress Margins and Management Warns on 2026
Recap: Q2 2025
Luckin's Scale Machine Roars, But the Delivery-Subsidy Fuel Is the Same Force That Threatens Margins