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百勝中國(09987.HK)一季度經營利潤同比增長7%至3.99億美元

格隆匯4月30日丨百勝中國(09987.HK)公告,2025年第一季度財務業績。系統銷售額同比增長2%,不計及外幣換算影響。該增長主要得益於4%的淨新增門店貢獻,部分被2025年較2024年少一個營業日(2024年爲閏年)而抵銷。同店銷售額自2024年第一季度以來首次提升至去年同期水平的100%。同店交易量同比增長6%,連續第九個季度實現增長。

總收入同比增長1%至30億美元(或增長2%,不計及外幣換算影響)。淨新增門店247家,其中加盟店淨新增62家,佔比25%。截至2025年3月31日,門店總數達16,642家,其中肯德基門店總數達11,943家,必勝客門店數總達3,769家。外賣銷售同比增長13%,保持了百勝中國過去11年來持續的年度雙位數增長。外賣約佔肯德基和必勝客餐廳收入的42%。

經營利潤同比增長7%至3.99億美元。核心經營利潤同比增長8%。經營利潤率爲13.4%,同比增長80個基點,得益於餐廳利潤率的增長和管理費用的減少。餐廳利潤率爲18.6%,同比增長100個基點,主要得益於食品及包裝物、物業租金及其他經營開支的減少。每股攤薄盈利同比增長8%至0.77美元,創第一季度新高,或同比增長10%,不計及外幣換算影響。剔除0.02美元外幣換算以及公司於2025年和2024年第一季度按市值計價的股權投資帶來的不利影響後,每股攤薄盈利同比增長12%。

百勝中國在第一季度向股東回饋2.62億美元,其中包括1.72億美元的股票回購和9,000萬美元的現金股息。數字訂單收入達26億美元,數字訂單約佔公司餐廳收入的93%。肯德基及必勝客的會員數合計超過5.4億,較去年增長12%。會員銷售額約佔肯德基和必勝客系統銷售總額的66%。

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