Luckin Coffee (LKNCY) is surging 10% after the company reported that its revenue had jumped 32.7% last quarter versus the same period a year earlier.

Luckin owns, operates and franchises coffee stores in China.

A Look at Luckin's Q4 Results

The company's revenue surged 32.7% in Q4 compared with the same period a year earlier to $1.32 billion. Also importantly, the number of its average monthly transacting customers soared 24.5% year-over-year to 77.8 million. Moreover, its operating income jumped 367.8% YOY to $136.3 million.15 Best Alternatives to Starbucks Coffee

A close up of a barista pouring freshly made coffee to a happy customer in a cafe.

On the negative side, the same-store sales of its self-operated stores sank 3.4% YOY. However, that represented a marked rebound compared to the 13.1% YOY same-store sales decline that LKNCY reported for Q3.

Luckin's Comments

"We delivered solid fourth quarter results, with same-store sales growth for self-operated stores notably improving to negative 3.4% from negative 13.1% in the prior quarter. More encouragingly, this metric turned positive in December 2024," said CEO Dr. Jinyi Guo in a statement.

"Looking ahead, we are strategically positioned to capitalize on the growth opportunities in China’s thriving coffee market, bolstered by our unparalleled scale and powerful supply chain, " the CEO added.

The Recent Price Action of LKNCY Stock

In the last month, Luckin has gained 20%, while it has advanced 40% in the last three months.

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Disclosure: None. This article is originally published at Insider Monkey.

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