Luckin Coffee | financial year
Luckin Coffee store in Changzhou, Jiangsu Province of China. With more than 8,000 units, Luckin Coffee is the largest coffee chain in China by outlets, ahead of Starbucks which operates 6,090 stores.
China’s largest coffeeshop company has announced its unaudited financial results for the three months ended December 31, 2022 and fiscal year 2022. According to the release Luckin Coffee achieved 67% sales growth to reach RMB 13.3bn (€1.8bn) for the 12 months ended 31 December 2022.
Luckin Coffee’s full-year revenues from self-operated stores reached RMB 9.4bn (€1.28bn) while franchised outlets generated sales of RMB 3.
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