Mixue's Profit Expected to Slow in 2026 -- Market Talk

Dow Jones

03/25

0443 GMT - Mixue's profit growth is expected to slow in 2026 due to margin pressure and slower expansion, HSBC analysts Lina Yan and Yimin Wang say in a note. Management is prioritizing store-level productivity over network expansion this year, they say. As delivery subsidies fade, Mixue plans to introduce cost initiatives to boost dine-in traffic and stabilize online orders, which could push gross margin below its 30% target. HSBC cuts its 2026 net profit forecast by 9.4% due to margin compression and also lowers 2026 revenue forecast on fewer net store additions in mainland China. HSBC maintains a buy rating on the stock but lowers its target price to HK$455.90 from HK$499.70. Shares last traded at HK$321.20. (jason.chau@wsj.com)

(END) Dow Jones Newswires

March 25, 2026 00:43 ET (04:43 GMT)

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Management is prioritizing store-level productivity over network expansion this year, they say. As delivery subsidies fade, Mixue plans to introduce cost initiatives to boost dine-in traffic and stabilize online orders, which could push gross margin below its 30% target. HSBC cuts its 2026 net profit forecast by 9.4% due to margin compression and also lowers 2026 revenue forecast on fewer net store additions in mainland China. HSBC maintains a buy rating on the stock but lowers its target price to HK$455.90 from HK$499.70. Shares last traded at HK$321.20. 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Management is prioritizing store-level productivity over network expansion this year, they say. As delivery subsidies fade, Mixue plans to introduce cost initiatives to boost dine-in traffic and stabilize online orders, which could push gross margin below its 30% target. HSBC cuts its 2026 net profit forecast by 9.4% due to margin compression and also lowers 2026 revenue forecast on fewer net store additions in mainland China. HSBC maintains a buy rating on the stock but lowers its target price to HK$455.90 from HK$499.70. Shares last traded at HK$321.20. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 25, 2026 00:43 ET (04:43 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0496365809.HKD","symbol_name":"TEMPLETON GLOBAL INCOME \"A\" (HKD) INC (Q)","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2622049060","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622049060","pubTimestamp":1774413780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0443 GMT - Mixue's profit growth is expected to slow in 2026 due to margin pressure and slower expansion, HSBC analysts Lina Yan and Yimin Wang say in a note. Management is prioritizing store-level productivity over network expansion this year, they say. As delivery subsidies fade, Mixue plans to introduce cost initiatives to boost dine-in traffic and stabilize online orders, which could push gross margin below its 30% target. HSBC cuts its 2026 net profit forecast by 9.4% due to margin compression and also lowers 2026 revenue forecast on fewer net store additions in mainland China. HSBC maintains a buy rating on the stock but lowers its target price to HK$455.90 from HK$499.70. Shares last traded at HK$321.20. 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Management is prioritizing store-level productivity over network expansion this year, they say. As delivery subsidies fade, Mixue plans to introduce cost initiatives to boost dine-in traffic and stabilize online orders, which could push gross margin below its 30% target. HSBC cuts its 2026 net profit forecast by 9.4% due to margin compression and also lowers 2026 revenue forecast on fewer net store additions in mainland China. HSBC maintains a buy rating on the stock but lowers its target price to HK$455.90 from HK$499.70. Shares last traded at HK$321.20. (jason.chau@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 25, 2026 00:43 ET (04:43 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}