李寧(02331.HK):7月起折扣率改善 毛利率走勢視乎外部環境變化
李寧(02331.HK)副總裁及首席財務官趙東升表示,疫情持續影響經濟和消費環境,加上動盪的國際局勢,下半年大環境仍然不明朗,會緊密留意渠道存貨。
趙東升指,在疫情和消費環境相對穩定的前提下,公司會維持今年收入增長10至20%高段至20至30%低段的增長指引,並維持淨利潤率處於10至20%高段的指引。
李寧上半年毛利率下降5.9個百分點,跌至50%。對此,李寧聯席行政總裁錢煒解釋指,是基於3月初因應疫情而作出的戰略性調整,以保持庫存健康和穩定。因此毛利率雖然有下跌,但庫存仍保持健康水平,整體庫銷比為3.6,一年以上庫存已降至低單位數。至於下半年毛利率走勢要視乎外部環境變化。
錢煒提到,7月起折扣率開始改善,與上半年對比呈恢復狀態,但整體客流量目前仍未完全恢復至正常水平。
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