百胜中国:维持系统销售指引 看好稳健同店和新模型潜力

中金公司
01 May

1Q25 业绩略低于我们预期Q1 收入同比+1%至30 亿美元,核心经营利润同比+8%,经调整净利同比+2%至2.92 亿美元。收入略低于预期,主因非闰年Q1 天数减少(对系统销售额有约1%负面影响)、25 年春节临时性关店同比增加(公司基于对商圈人流更强预判能力而暂时关闭部分人流不足的商圈门店)。同店和利润率表现稳健良好,1Q25 肯德基/必胜客同店收入均同比持平,净开店247 家(肯德基净开...

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