Luckin Coffee announces share buyback program
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Luckin Coffee has announced a share buyback program, with reports indicating the program is valued at $300 million. The announcement comes after the company reported revenue growth, with some outlets stating a 35% increase in revenue. However, there are also reports of same-store sales turning negative, amidst overall expansion plans.
Full coverage
1234567