百勝中國(09987.HK):集團處於早期復甦 仍有潛在風險
百勝中國(09987.HK)今日公布首季業績。首席財務官楊家威指,目前集團正處於早期復甦階段,農曆新年期間的銷售受到旅遊需求釋放的提振,惟假期後同店銷售仍比2019年低十幾個百分點。他預計,未來數個季度的通脹壓力逐漸增加,同時,來自臨時補貼的利好因素逐步減少,加上宏觀環境充滿挑戰且疫情仍構成潛在風險,復甦進程和速度仍有不確定性。
首席執行官屈翠容指,整體的店舖銷售正逐漸輕微復甦。低線城市的銷售表現理想,因為去年該些城市受到疫情打擊,而今年人員流動性更高,刺激了餐飲及外賣需求。當中,集團旗下的Pizza Hut表現較KFC好,亦更具彈性。她認為集團在經營方面並沒有太大壓力,惟目前無法預測任何不確定因素,期望可在良好時機捉著合適機會。另外,集團會傾向開設投資額度小,但距離較短的店舖,因為這種開店模式可以方便顧客,同時亦能減省公司的外送成本。
屈翠容表示,未來經營環境複雜多變,公司認為食物的味道和性價比十分重要。第一季的業績表現是得益於過去幾年執行RGM戰略(即Resiliency、Growth及Moat)。展望今年,公司將保持靈活以應對多變的市場環境及實現可持續增長。
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