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Chinese coffee chain Luckin Coffee will release its fourth quarter and full year 2024 financial results before the United States market opens on 20 February 2025.
The Company will hold a conference call on 20 February at 8.00am Eastern Time (or 20 February at 9.00pm Beijing Time) to discuss the financial results and take questions live.
The earnings release, accompanying slides, and an archived webcast of this conference call will be available at the Company’s Investor Relations website at investor.lkcoffee.com.
The results proceed an ambitious fourth quarter for Luckin Coffee, following the chain expanding its initial June 2024 deal to purchase 120,000 tons of Brazilian coffee beans over two years by an additional 120,000 tons which is said to mark the largest coffee bean procurement plan in the chain’s history.
Meanwhile, in December 2024, Luckin Coffee entered into a strategic partnership to launch the brand in Malaysian market in 2025, and opened five Hong-Kong outlets in one day on 30 December.
In the third quarter of 2024, the company introduced 1382 new net stores, a 6.9 per cent unit growth compared to the previous quarter. And in July 2024, Luckin Coffee opened its 20,000th store, in Beijing.
The post Luckin Coffee to announce Q4 and full year 2024 results appeared first on Global Coffee Report.
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