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I Like the Setup Into Luckin Coffee Earnings on Wednesday

I Like the Setup Into Luckin Coffee Earnings on Wednesday

Starbucks is the name everyone knows, but newcomer Luckin Coffee has hit the ground, or should I say grounds, running. Point72 Asset Management recently disclosed a 5.1% ownership stake after owning no shares as of June 30, 2019. Overall, the focus will be on five key metrics: customer acquisition, retention, frequency of purchases, average selling price (ASP), and store growth.