Luckin Coffee Growth Test Weighs Store Expansion Against Margin Pressures
Luckin Coffee (OTCPK:LKNC.Y) has surpassed 30,000 stores in China, marking a new scale milestone in its domestic network. The company reports continued growth in overall revenue alongside a slowdown in same-store sales. Profit margins are under pressure as Luckin Coffee invests in rapid expansion and faces rising competition and costs. The brand is also expanding…