Chinese café chain Luckin Coffee Inc. has announced its unaudited financial results for the first quarter of 2025, highlighting major growth in revenue, store expansion, and customer engagement.
The company reported total net revenue of more than US$1.22 billion (RMB 8.87 billion), marking a 41.2% increase compared to the same period last year.
Average monthly transacting customers rose to 74.3 million, a 24% increase year-over-year. Meanwhile, store-level operating profit jumped by 244.8%, reaching US$152.3 million.
A major driver of this growth was the rapid expansion of its store network. Luckin Coffee opened 1,757 new stores between January and March 2025. Of those, 1,743 were launched in China, including five in Hong Kong. The company also opened six stores in Singapore and eight in Malaysia.
As of March 31, 2025, Luckin Coffee operates a total of 24,097 stores. This includes 15,598 self-operated locations and 8,499 operated through partnerships.
Co-founder and CEO Dr. Jinyi Guo credited the company’s performance to the growing demand for coffee in China and Luckin’s ability to scale quickly.
“We delivered strong first quarter results, marked by a 41 percent year-on-year revenue growth and healthy margin improvement as we scaled to over 24,000 stores,” said Guo.
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