Luckin Coffee released its financial results for the second quarter of 2026 on August 3.
Total net revenue rose 28.5% year-on-year (YoY) to RMB 15.9 billion (USD 2.4 billion). GAAP operating profit increased 22% to RMB 2.1 billion (USD 310.5 million), giving the company an operating margin of 13.4%.
Average monthly transacting customers rose 22.9% YoY to a record 113 million. By the end of the quarter, Luckin operated 36,310 stores worldwide and had served nearly 500 million cumulative transacting customers.
Revenue from self-operated stores reached RMB 11.6 billion (USD 1.7 billion), up 26.6% YoY. Store-level operating profit at those locations increased 25.9% to RMB 2.5 billion (USD 369.7 million), representing a margin of 21.3%. Revenue from partnership stores rose 27.9% to RMB 3.7 billion (USD 547.1 million), while gross merchandise value increased 29.8% to RMB 18.4 billion (USD 2.7 billion).
Luckin continued to expand across higher- and lower-tier Chinese cities. It added 2,714 net new stores during the quarter, including 2,668 in China, including Hong Kong, and 46 overseas.
