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中国披萨市场龙头品牌对比
中国披萨市场龙头品牌对比
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所属报告:
达势股份-港股公司研究报告-品牌势能上升期成长路径清晰-241227(31页).pdf
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主要龙头形成差异化竞争。据弗若斯特沙利文(引自达势股份招股书)及窄门餐眼,(1)必胜客:最早进入中国,其优势品类除了披萨外还有牛排等,通过家庭场景抢先占领消费者心智,门店数领先且各线城市分布相对均衡,以直营店为主(占比约95%),近年来拓店节奏稳健,增加更多入门价披萨、覆盖低客单价市场;(2)尊宝:成立于1998年,客单价相对较低(30元左右),通过加盟模式快速扩张(加盟店占比40%+),低线城市门店占比相对较高,三线及以下城市门店占比约37%;识别风险,发现价值 请务必阅读末页的免责声明 (3)达美乐:虽然1997年便已进入中国,但特许经营权曾几经易主,17年后才步入快速发展阶段,达美乐专注披萨品类、菜单丰富,早期聚焦北京上海,目前门店仍主要分布在一线及新一线城市,外送基因也使得达美乐在外送市场具备更大优势,达美乐近年来持续进驻更多城市、被更多消费者认知,品牌势能处于上升通道。
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当前图表所属:
达势股份-港股公司研究报告-品牌势能上升期成长路径清晰-241227(31页).pdf
达势股份主要成本费用拆分
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各品牌各线城市渗透率及达美乐开店空间测算
达美乐/必胜客/肯德基单店模型对比
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