小菜园坚持性价比路线,保持盈利能力

兴业证券
Jan 26

投资要点:我们的观点:截至2025年末,公司的门店数量达到此前指引的800家目标,预计2026年1000家门店目标不改变,同比增速达到20%+。公司保持向消费者提供性价比菜品,2025年12月针对部分菜品调价,推进以价换量策略。我们预计公司的盈利能力在2025年整体同店承压之下仍能保持优于行业平均的水平,这得益于成本管控能力提升。我们看好公司稳健开店,预计盈利能力稳中有升,店效仍有提升空间,此外...

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