LKNCY Stock Recent News
LKNCY LATEST HEADLINES
Luckin Coffee stock has moved sideways recently as the recent bullish momentum faded. The LKNCY shares were trading at $22.54, which was a few points below the year-to-date high of $32.12.
Starbucks And Luckin: Coffee Leaders Well-Positioned For Secular Growth Trends And Global Re-Opening
Starbucks and Luckin are leaders with well-regarded brands in an oligopolistic industry where scale matters, and are well-positioned to benefit from the strong growth in demand for high quality experiential coffee. Key drivers and metrics to watch are new store openings and same store sales growth. Both companies aggressively opened stores through the COVID-19 pandemic.
The stock of Luckin Coffee went up 125% in 2022, handily beating both the major indices and its peer companies in the US and China. Based on the data of its WeChat channel, the total store count of Luckin Coffee reached approximately 8,360 at the year end 2022.
Global E and Luckin Coffee look poised for long-term success.
This dirt cheap coffee chain is crushing the market.
Luckin Coffee Inc. is a company in China with an interesting business model operating in a sector with plenty of growth potential. The company allegedly fabricated transactions and was subsequently delisted from NASDAQ in 2020.
Luckin Coffee (OTCMKTS: LKNCY ) stock is on the move Tuesday after the Chinese coffee company reported earnings results for the third quarter of 2022. That earnings report starts with the company's adjusted American Depositary Shares ( ADS ) of 24 cents.
Luckin Coffee Inc. (OTCPK:LKNCY) Q3 2022 Results Conference Call November 22, 2022 8:00 AM ET Company Participants Bill Zima - ICR Jinyi Guo - Chairman and CEO Jing An - CFO Alicia Guo - Investor Relations Reinout Schakel - CSO Conference Call Participants Operator Ladies and gentlemen, welcome to Luckin Coffee's Third Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode during management's prepared remarks.
A hedge-fund manager who secretly wrote a 2020 report accusing Luckin Coffee of accounting fraud is now backing the Chinese chain, calling it “a miracle in China's business history.”
Luckin Coffee (OTCMKTS: LKNCY ) stock isn't doing so hot as investors react to news of Chinese President Xi Jinping claiming another term. This has shares of LKNCY stock joining several others from China that are falling hard today.