Luckin Coffee's non-GAAP profit surged 203.3% in FY23. With plans to raise store count by 23% and improve store efficiency, profitability should grow in FY24. Its net cash position is another edge.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.