Luckin Coffee Past Earnings Performance

Past criteria checks 2/6

Luckin Coffee has been growing earnings at an average annual rate of 46.2%, while the Hospitality industry saw earnings declining at 8.8% annually. Revenues have been growing at an average rate of 55.2% per year. Luckin Coffee's return on equity is 14.3%, and it has net margins of 6.7%.

Key information

46.2%

Earnings growth rate

59.5%

EPS growth rate

Hospitality Industry Growth	-11.8%
Revenue growth rate	55.2%
Return on equity	14.3%
Net Margin	6.7%
Last Earnings Update	31 Mar 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Luckin Coffee makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BST:LC0A Revenue, expenses and earnings (CNY Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 23	15,325	1,033	6,886
31 Dec 22	13,293	488	6,269
30 Sep 22	12,031	1,463	5,846
30 Jun 22	10,486	803	5,297
31 Mar 22	9,101	831	4,865
31 Dec 21	7,965	579	4,480
30 Sep 21	6,879	-2,665	4,046
30 Jun 21	5,671	-4,353	3,592
31 Mar 21	4,530	-5,044	3,525
31 Dec 20	4,033	-5,589	3,595
30 Sep 20	2,783	-4,661	3,665
30 Jun 20	3,182	-3,481	4,216
31 Mar 20	3,319	-3,918	4,304
31 Dec 19	3,025	-3,713	3,993
30 Sep 19	3,395	-3,765	3,748
30 Jun 19	2,094	-3,718	2,991
31 Mar 19	1,306	-3,631	2,321
31 Dec 18	841	-3,190	1,800
31 Dec 17	1	-113	110

Quality Earnings: LC0A has a high level of non-cash earnings.

Growing Profit Margin: LC0A's current net profit margins (6.7%) are lower than last year (9.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: LC0A has become profitable over the past 5 years, growing earnings by 46.2% per year.

Accelerating Growth: LC0A's earnings growth over the past year (24.3%) is below its 5-year average (46.2% per year).

Earnings vs Industry: LC0A earnings growth over the past year (24.3%) exceeded the Hospitality industry 18.1%.

Return on Equity

High ROE: LC0A's Return on Equity (14.3%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/05/31 06:58
End of Day Share Price	2023/03/03 00:00
Earnings	2023/03/31
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Luckin Coffee Inc. is covered by 9 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ya Jiang	Citic Securities Co., Ltd.
Yushen Wang	CLSA
Wing Hong Woo	CMB International Securities Limited