中国动向(03818.HK)：高基数致4QFY24流水同比回落

中金公司04-29

公司近况公司公布4QFY24（2024 年1-3 月）经营情况：Kappa品牌零售流水同比下滑10-20%低段，同店销售同比下滑高单位数。截至3 月末，Kappa品牌店铺合计1,012 家。评论高基数致Kappa 品牌4QFY24 零售流水同比下滑。虽然季内有春节等传统消费旺季，但由于1Q23 零售环境好转带来的较高销售基数（4QFY23 零售流水同比增长10-20%中低段），4QFY24 ...

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