达势股份：门店稳步扩张盈利持续改善

东吴证券2025-04-30

品牌力、产品力突出，叠加外送差异化，公司具备显著的竞争优势。①品牌力：截至24Q3 达美乐全球门店数突破2.1 万家，门店数量/销售额均实现领先，市占率全球第一。比萨属舶来品，达美乐产品的高效便捷性契合高线城市“懒人经济”趋势；其国际化品牌调性又能够迎合下线城市的改善需求。②产品力：特殊配方的专用预拌粉，面饼松软有嚼劲；且公司比萨SKU 丰富，兼具性价比：30 种披萨SKU+超20 种饼底和卷饼...

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达势股份：门店稳步扩张 盈利持续改善

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达势股份：门店稳步扩张盈利持续改善