海外运动鞋服行业全球观察:24Q3财报总结 聚焦跑步公司表现更优 多数毛利率改善

广发证券股份有...
11 Dec 2024

核心观点:24Q3 聚焦跑步的体育用品公司营收表现更优,多数公司毛利率改善。根据财报,除昂跑、德克斯户外、亚瑟士专注跑步品类细分赛道的公司及斯凯奇、阿迪达斯外,24Q3 多数海外体育用品公司营收同比增速仅为单位数或同比下滑,主要系受到北美消费疲软等因素影响。(1)分地区来看,大中华营收同比增速优于其他地区,但北美、大中华地区及EMEA/欧洲地区营收增速均环比放缓。(2)分品类来看,24Q3 鞋类...

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