大行评级|中银国际:安踏第二季零售销售具韧性,维持“买入”评级

格隆汇
Jul 23

中银国际发表研报指,安踏第二季零售销售具韧性,其中安踏品牌及FILA均录得低单位数同比增幅,其他品牌增长25%至30%,表现优于同业。该行认为此反映出安踏库存健康、零售折扣稳定及在高端品牌持续取得市场份额的支持。安踏品牌首席执行官徐阳因个人及家庭原因辞任,由集团联席首席执行官赖世贤代理,管理层称属正常组织调整,参考FILA品牌于2025年更换首席执行官后增长重新加快,该行预期换帅对业务影响有限,维持对安踏体育的“买入”评级及目标价89.2港元。

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