(以下内容从国金证券《餐饮行业研究:餐饮行业步入复苏阶段,供给侧调改驱动利润上行》研报附件原文摘录)核心观点我们认为餐饮行业的复苏逻辑从23年的低基数修复逻辑切换至供给侧的真实修复。与2023年依赖“低基数+报复性消费”的短期需求释放不同,当前餐饮复苏源于供给侧深度调整——低效产能逐步出清,头部品牌通过优化运营模式、打磨单店模型提升整体经营效率,具备精细化管理能力的企业已显现明确竞争优势。2025...
Source Link(以下内容从国金证券《餐饮行业研究:餐饮行业步入复苏阶段,供给侧调改驱动利润上行》研报附件原文摘录)核心观点我们认为餐饮行业的复苏逻辑从23年的低基数修复逻辑切换至供给侧的真实修复。与2023年依赖“低基数+报复性消费”的短期需求释放不同,当前餐饮复苏源于供给侧深度调整——低效产能逐步出清,头部品牌通过优化运营模式、打磨单店模型提升整体经营效率,具备精细化管理能力的企业已显现明确竞争优势。2025...
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