滔搏:零售表现符合预期 加码布局户外垂类赛道

申万宏源研究
29 Jun

滔搏发布FY26 财年第一季度运营表现,整体符合预期。FY26 财年一季度集团销售额(含批发及零售)同比下降中单位数,表现符合预期。就销售趋势而言,一季度整体消费需求仍在缓慢复苏,尚未看到明确反弹,公司在波动的零售环境中创新销售方式,多维度触达客群,平滑线下客流下滑的不利影响,业务表现符合预期,并维持全年利润持平的指引。库存相对稳定,折扣受渠道结构影响同比加深。根据公司公开电话会交流,FY26Q1...

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