浙商证券则指出，2024年1-6月餐饮企业注册量始终高于注销吊销量，门店供给持续上升，行业竞争持续白热化进一步促进形成了上半年餐饮整体行业的弱复苏，但优质品牌仍能脱颖而出。此外，茶饮咖啡、西式快餐、火锅卤味等各餐饮赛道多个品牌仍在跑马圈地，但均呈现客单价下滑趋势，部分赛道部分品牌下滑幅度呈现双位数，预计客单价压力仍将持续，主要原因在于行业竞争加剧。Some dining stocks fell today. As of the time of publication, Teahouse International (09658) fell by 5.33% to HKD 11.72; cafe de coral h (09922) fell by 4.58% to HKD 2.29; xiabuxiabu (00520) fell by 1.11% to HKD 0.89; and jiumaojiu (00341) fell by 1.09% to HKD 8.16.
According to the Zhongtong Finance APP, some dining stocks fell today. As of the time of publication, Teahouse International (09658) fell by 5.33% to HKD 11.72; cafe de coral h (09922) fell by 4.58% to HKD 2.29; xiabuxiabu (00520) fell by 1.11% to HKD 0.89; and jiumaojiu (00341) fell by 1.09% to HKD 8.16.
Guolian Securities pointed out that the cumulative growth rates of social retail/dining/commodity retail sales in March 2024 were 4.7%/10.8%/4.0%, and by June, the cumulative growth rates dropped to 3.7%/7.9%/3.2%. The cumulative growth rates in July continued to weaken. In terms of scale, the income from dining and commodity retail above the quota underperformed the industry as a whole. The cumulative growth rates for dining income/commodity retail income above the quota from January to July were 4.6%/2.5%, lower than the industry's overall growth rates of 7.1%/3.1%.
Zhejiang Securities pointed out that from January to June 2024, the number of registered dining enterprises has consistently exceeded the number of cancellations and revocations, and the supply of stores has continued to rise. The industry competition has further intensified, leading to a weak recovery of the overall dining industry in the first half of the year. However, high-quality brands are still able to stand out. In addition, multiple brands in various dining tracks such as tea and coffee, Western fast food, and hot pot have expanded, but have shown a downward trend in average customer spending. Some tracks and brands have experienced double-digit declines in customer spending. It is expected that pressure on average customer spending will continue due to intensified industry competition.
