蜜雪集团2024年业绩点评:利润率显著提升,继续下沉式开店

东吴证券
Mar 27, 2025

事件:2025年3月26日,蜜雪集团发布2024年年度业绩公告。2024年营收为248.3亿元,yoy+22.3%;归母净利润为44.4亿元,yoy+41.4%。2024年利润率显著提升:单Q4营收为61.6亿元,yoy+25%;归母净利润为9.5亿元,yoy+29.0%,归母净利率15.4%。估算Q4店均收入增长7%左右。2024年毛利率为32.5%,yoy+2.9pct,系商品销售业务供应链...

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