智通财经APP获悉，高盛发布研报称，卫龙美味(09985)管理层出席并回应投资者关注的第三季表现、全年指引进度、渠道发展及竞争格局等问题。整体而言，管理层重申2025财年销售同比增长15-20%、毛利率46-48%及净利率17-20%的全年指引。高盛维持卫龙美味“买入”评级，目标价13.9港元。
在渠道方面，折扣店仍是增长最快的渠道，预计将贡献全年销售额的25-30%，长期目标为30-35%。管理层表示，折扣店渠道的利润率与公司整体水平大致相若且趋势稳定，这些店铺愿意与卫龙等具有强大品牌认知度和高产品周转率的品牌合作。
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