Shares of Luckin Coffee fell Wednesday after the coffee chain reported wider losses than expected, as it expands rapidly and discounts its drinks in a bid to ...
China's Luckin counts cost of Starbucks battle - Reuters
Paul R. La Monica on Twitter: "A case of bad Luckin. Sorry. Not sorry. Chinese coffee rival to Starbucks posted bigger loss than forecast. $LK, which went public a few months ago, down 10% #premarket. ☕️"
Christina Cheddar Berk on Twitter: "Luckin Coffee, Starbucks' China challenger, shares drop about 8% before market's open after releasing its first quarterly report since its IPO. The company added 593 net new locations during the quarter.