美团-W(03690)2023Q4业绩点评：新业务战略调整，本地商业兼具稳定性与确定性

国泰君安03-28

本报告导读：Q4到家业务稳定增长，到店业务竞争格局有边际转好趋势。2024年新业务战略调整，着力减亏，有望摆脱利润拖累。摘要：盈利预测及投资建议：我们调整美团FY2024E/FY2025E/FY2026E营业收入分别为3,261/3,835/4,413亿元(人民币，下同，FY2024E/FY2025E前值为3,451/4,228亿元)，同比增长18%/18%/15%，FY2024E/FY2025E...

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