瑞银发表研究报告指,预期名创优品次季经调整营业利润为7.85亿元,按年基本持平,符合公司指引;预期收入达48.5亿元,按年增20%,其中中国市场收入增长10%,海外市场增长收入28%。该行将名创优品2025至27年每股盈测下调2%至3%,并将美股目标价由25.5美元轻微下调至25美元,予“买入”评级。 中国市场方面,该行料次季同店销售(SSSG)转正,当中7月同店销售更进一步加速。门店优化有进展,次季关店数量较首季大幅减少,公司有信心实现全年国内同店销售正增长。海外市场方面,核心市场包括美国和墨西哥均于4至5月实现同店销售增长。美国市场的转型策略包含转向于现有门店密集地区的周边地区开店,以提升物流效率与租金议价能力,以及优先提升单店盈利能力。至于东南亚市场表现分化,当中马来西亚、泰国、新加坡与印度表现强劲,而印尼则承压。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.