Luckin Coffee Books Accelerated Growth and Reveals a New Retail Model

China's fastest-growing coffee enterprise, Luckin Coffee (NASDAQ: LK), surprised investors with another quarter of torrid growth on Wednesday, though bottom-line losses continued. In its second earnings release since its May 2019 IPO, the coffee chain relayed substantial progress on a number of key metrics. Luckin's third-quarter report delighted investors, and the growth stock rose 13% on the trading session. Note that all comparative numbers that follow are presented against those of the prior-year quarter.

Data source: Luckin Coffee. RMB = renminbi. 

Image source: Getty Images.

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Source Fool.com