Luckin Coffee (OTCMKTS:LKNCY) Releases Earnings Results, Beats Estimates By $0.18 EPS

Luckin Coffee (OTCMKTS:LKNCY) released its quarterly earnings results on Thursday. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.22 by $0.18, Zacks reports. Luckin Coffee had a net margin of 8.54% and a return on equity of 35.32%. The business had revenue of $1.32 billion for the quarter.

Luckin Coffee Stock Performance

Shares of LKNCY opened at $28.71 on Friday. The business’s fifty day moving average price is $26.79 and its two-hundred day moving average price is $24.03. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 22.38 and a beta of -0.71. Luckin Coffee has a 52 week low of $17.28 and a 52 week high of $33.00.

Luckin Coffee Company Profile

Luckin Coffee Inc offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers hot and iced freshly brewed coffee, such as Americano, Latte, Cappuccino, Macchiato, Flat White, and Mocha, as well as specialty coffee based on market and seasonal trends; coconut milk latte products; tea drinks; pre-made beverages; and pre-made food items, such as pastries, sandwiches, and snacks.