Analyzing the Financial Performance of Starbucks and Luckin Coffee

Numerous industries have been significantly affected by the Covid-19 pandemic, including coffee industry. People were forced to stay at home, many shops had shut down due lack of customers. However, as pandemic subsides, market now is recovering and growing a rapid pace. Now Starbucks has over 36,000 stores around world, covering 84 countries, while in Chinese mainland, it operates more than 6,000+ 230 cities. It expected that 2025, number China will reach 9,000, 300 In contrast, Luckin Coffee, China's largest chain, outlets China, surpassed with 7,846 Q3 2022 Jan 2023 exceeded 8,400 accelerated growth. This essay aims study these two key players industry, compare their financial data via statement Year 2021 stock movement from May 18, 2019, Jun 30, 2020. analysis bring deeper understanding companies investigations observations respect performance.