Luckin Coffee Is Opening 3 Locations In China Per Day, But Growth Path Is Risky

From: media.thinknum.com

Two months ago, we profiled Luckin Coffee ($LUCKINCOFFEE), the China-based coffee chain that has quickly become a home-brewed competitor to Starbucks ($NASDAQ:SBUX) and other Western coffee shops that are trying to enter and expand in that country’s market.

Today, according to store data from Luckin Coffee, the chain has expanded its number of storefronts by over 11% from Janaury 15 of this year to April 2. In other words, during that time period, there were 255 stores opened, or over three stores per day.

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