Luckin Q3 Revenue Up 17% to RMB17.9B, Operating Profit Jumps 55%, New $500M Buyback
LKNCY is trading near its 52-week low of $27.22 (15% above the low) on elevated volume (1.8× avg).
Summary
Luckin's preliminary Q3 2026 revenue rose 17.0% year over year to RMB17.9B from RMB15.3B, with GAAP operating income up 55.1% to RMB2.8B as operating margin expanded to 15.4% from 11.6%. Net income climbed 45.4% to RMB1.9B, though tax expense rose to RMB914.1M from RMB560.1M. The board also approved a new repurchase program of up to $500M, but it only kicks in after the existing authorization expires or is fully used — and $391.0M of that prior $500M was already spent by Sept. 30, so the new program is not immediately additive. This follows the September upsizing of the buyback to $500M and Mubadala's 9.3% stake investment, both of which have supported the stock. The margin expansion is the key number here: profit growth is running more than three times revenue growth, which is what a trader wants to see from a store-expansion story.
At the time of this announcement, LKNCY was trading at $31.20 on OTC in the Trade & Services sector, with a market capitalization of approximately $8.9B. The 52-week trading range was $27.22 to $40.80. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.