周大福FY26Q1经营数据点评:中国大陆及港澳同店持续修复,符合预期

信达证券
24 Jul

一、公司经营数据概述周大福(1929。HK)发布了截至2025年6月30日的FY26Q1未经审核经营数据,集团零售值同比减少1.9%。其中,中国大陆和中国港澳及海外市场的表现分化,分别同比下滑3.3%和增长7.8%。中国大陆同店销售同比下滑3.3%,而中国港澳地区则实现了2.2%的增长。二、分市场业绩分析在中国大陆市场,直营同店销售同比下降3.3%,但降幅逐季收窄,显示出企稳迹象;加盟同店销售转为...

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