高盛:维持百胜中国(09987)“买入”评级 目标价452港元

智通财经
16 Apr

智通财经APP获悉,高盛发布研报称,百胜中国(09987,YUMC.US)将于4月30日发布2025年一季度业绩。该行预计公司收入/餐厅利润/营业利润同比增长3.7%/3.2%/7.9%(剔除汇率影响为4.9%/4.4%/9.1%)。预计肯德基/必胜客同店销售额恢复至疫前水平的89%/89%,春节假期推动下较上季度改善。门店扩张方面,预计2025年一季度净新增420家门店。利润率方面,预计餐厅利润率微升至1.8%(同比+0.1个百分点),“红眼项目”持续节省成本以抵消配送订单增加带来的人力成本上升。12个月目标价维持不变,为58美元/452港元。

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