Luckin Coffee Inc. announced its unaudited financial results for the second quarter ended June 30, 2025, on July 30, 2025. The company reported total net revenues of RMB 12.4 billion, a substantial 47.1% increase year-over-year. GAAP operating income grew by 61.8% year-over-year to RMB 1.7 billion, with operating margins expanding to 13.8%.
Same-store sales growth for self-operated stores accelerated to 13.4%. Revenues from self-operated stores increased 46% year-over-year to RMB 9.1 billion, generating a store-level operating profit of RMB 1.9 billion, representing a 21% operating margin. Partnership store revenues also saw significant growth, increasing 55% year-over-year to RMB 2.9 billion, accounting for 23% of total net revenues.
Operational expansion continued with 2,085 net new stores added in China during Q2 2025, bringing the total store count to 26,206. The company added over 28.7 million new transacting customers, with monthly average transacting customers growing 32% year-over-year to nearly 91.7 million. Luckin also launched over 20 new beverages and several snacks, including the 'Luckin AI' smart assistant for personalized recommendations and voice ordering.
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