Goldman Sachs released a research report stating that WL DELICIOUS (09985) management addressed investor concerns regarding Q3 performance, full-year guidance progress, channel development, and competitive landscape. The management reaffirmed its full-year guidance for FY2025, targeting 15-20% year-on-year sales growth, a gross margin of 46-48%, and a net profit margin of 17-20%. Goldman Sachs maintained a "Buy" rating on WL DELICIOUS with a target price of HK$13.9.

In terms of sales channels, discount stores remain the fastest-growing segment, expected to contribute 25-30% of full-year sales, with a long-term goal of 30-35%. Management noted that the profitability of discount store channels aligns with the company's overall margins and remains stable. These stores prefer partnering with brands like WL DELICIOUS, which have strong brand recognition and high product turnover rates.