Luckin Coffee has again announced significant year-on-year growth in its unaudited financial reports, stating its net revenues of US$1.723 million for the Q2 2025 period represent a 47.1 year-on-year increase.
Net revenue growth was primarily driven by a 46.2 per cent year-on-year increase in gross merchandise value (GMV) to US$1.98 billion, as well as an increase in the number of products sold, the number of stores in operation, and monthly transacting customers.
Same-store sales growth has been earmarked as a key indicator of Luckin’s continued boost of market share. The 13.4 per cent increase seen in Q2 is a strong jump from the 8.4 per cent seen in Q1, and is a significant improvement from the -20.9 per cent seen in Q2 2024.
Co-Founder and CEO of Luckin Coffee Dr Jinyi Guo says the company has capitalised on the momentum of the coffee industry to continue to scale its operations.
“Our focused execution of a scale-driven strategy accelerated revenue growth and improved operating margins in the second quarter,” says Dr Guo.
“By leveraging our strengths in scale, operational efficiency, fulfilment, and supply chain, we capitalised on industry momentum and achieved double-digit same-store sales growth in our self-operated stores.
Of the 2109 new Luckin store openings in the quarter, 2085 were opening in China and Hong Kong, six were in Singapore, 26 were in Malaysia, and two stores were in the United States.
In total, Luckin says there are now 26,206 stores operating around the world, 16,968 of which are self-operated stores.
Overall, the company has reported a net income of US$174.4 million, representing a 43.6 per cent year-on-year increase compared to Q2 2024.
“Looking ahead, we remain committed to expanding our market share. Backed by our scale advantage, continuing product innovation, and deep user insights, we are well positioned to navigate evolving market conditions with agility,” says Dr Guo.
“We believe these capabilities will drive sustainable, high-quality long-term growth and further reinforce our market leadership.”
