金吾财讯 | 招银国际研报指,预期滔搏(06110)2025财年4季度和全年业绩表现好于预期。根据该行的渠道调研和各品牌管理层的评论,预计2025财年4季度零售流水只下降低个位数,较第三季度的中个位数下降有所改善。该行对2026财年更加乐观,行业利好包括:1)宏观环境持续改善;2)行业风险降低。公司层面的催化剂包括:1)开局良好,阿迪达斯销售年2025年1到3月增长超10%,宝胜春节期间和3月均有...
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