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Wednesday, November 13, 2019

-=Luckin Coffee (LK) reported earnings on Wed 13 Nov 19 (b/o)

Luckin Coffee beats by $0.06, beats on revs; guides Q4 revs above consensus 

  • Reports Q3 (Sep) loss of $0.32 per share, $0.06 better than the S&P Capital IQ Consensus of ($0.38); revenues rose 557.6% year/year to $215.7 mln vs the $208.84 mln S&P Capital IQ Consensus.
  • Co issues upside guidance for Q4, sees Q4 revs of CNY2.1-2.2 bln vs. CNY2.02 bln S&P Capital IQ Consensus.
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