16.1%Luckin Coffee (LKNCY) announces Q2 financial report with a net profit of 1.486 billion yuan, a year-on-year increase of 16.1%

Economic Observer website Luckin Coffee (LKNCY) disclosed its financial data for the second quarter of 2026, showing a year-on-year increase in revenue and net profit, but the same store sales of self operated stores have declined for three consecutive quarters.

Performance and business situation:

The Q2 financial report released on August 3rd showed a year-on-year increase of 28.5% in revenue of 15.886 billion yuan and a 16.1% increase in net profit of 1.486 billion yuan. However, the same store sales of self operated stores were -5.3%, which has been declining for the third consecutive quarter and the decline has widened (last year's Q3 was still a high point of+14.3%). The increasing number of stores and the weakening of single store business are the mid-term logic that suppresses valuation, as well as the underlying reason why market sentiment is fragile and prone to decline with negative news.

The above content is based on publicly available information and does not constitute investment advice.