share_log

Starbucks Shines, QSR Faces Challenges: BofA's 2025 Restaurant Outlook

Starbucks Shines, QSR Faces Challenges: BofA's 2025 Restaurant Outlook

星巴克表現出色,但快餐行業面臨挑戰:美銀的2025年餐飲展望
Benzinga ·  01/15 02:58

BofA Securities analysts Sara Senatore and Katherine Griffin expressed their views on the restaurant industry for the year ahead 2025.

美銀證券分析師Sara Senatore和Katherine Griffin對2025年的餐飲行業發表了看法。

The analysts expect slow but still healthy job growth to support restaurant demand, industry pricing to moderate, and promotional activity to rise as input prices fall.

分析師預計,儘管就業增長緩慢,但仍將保持健康,從而支持餐飲需求,行業定價將適度,隨着原材料價格下降,促銷活動將增加。

Notably, the analysts write that the industry growth in 2024 aligned with historical averages—Blackbox industry SSSG was -0.2% compared to the 2013-2019 average of -0.1%, and PCE growth was +4.9% versus the pre-COVID average of +5.1%, according to the analysts.

值得注意的是,分析師撰寫道,2024年的行業增長與歷史平均水平一致——Blackbox行業同店銷售增長率爲-0.2%,而2013-2019年平均水平爲-0.1%,個人消費支出增長爲+4.9%,而疫情前的平均水平爲+5.1%。

However, the analysts add that growth patterns were atypical, with fine dining and traditional Quickservice underperforming, while midscale and casual dining performed better.

然而,分析師補充說,增長模式不尋常,高檔餐飲和傳統快餐表現不佳,而中檔和休閒餐飲表現更好。

Senatore and Griffin attribute this shift to a reversion to pre-COVID consumption behaviors and expect more typical industry trends in 2025.

Senatore和Griffin將這種變化歸因於消費行爲向疫情前的回歸,預計2025年將出現更典型的行業趨勢。

The analysts maintain a Buy rating on Starbucks Corporation (NASDAQ:SBUX) with a price forecast of $117.

分析師對星巴克-T(納斯達克:SBUX)維持買入評級,目標價格爲117美元。

The analysts remain confident in the brand's strength and the potential to reallocate resources to more productive areas.

分析師對該品牌的實力以及將資源重新分配到更高效領域的潛力充滿信心。

Also, the analysts reiterated an Underperform rating on Restaurant Brands International Inc. (NYSE:QSR), expecting reinvestment needs to constrain topline and EPS growth.

此外,分析師重申對餐飲品牌國際有限公司(紐交所:QSR)的表現不佳評級,預計再投資需求將限制營業收入和每股收益的增長。

Also, the analysts cut the revenue forecasts for QSR, anticipating increased competitive pressures.

此外,分析師們下調了快餐行業的營業收入預測,預計競爭壓力會加大。

On the other hand, Senatore and Griffin lowered the price forecast on Krispy Kreme, Inc. (NASDAQ:DNUT) to $14 from $17 prior.

另一方面,Senatore和Griffin將Krispy Kreme, Inc.(納斯達克:DNUT)的目標價從17美元下調至14美元。

The analysts also lowered the company's estimates, reflecting slightly lower topline growth and higher operating expenses in the first half of 2025.

分析師們還下調了公司的估算,反映出2025年上半年營收增長略有降低,營業費用有所增加。

Meanwhile, the analysts maintained a price forecast of $87 for Sysco Corporation (NYSE:SYY), and higher EBITDA estimates reflected lower operating expense assumptions.

與此同時,分析師們維持了Sysco Corporation(紐交所:SYY)87美元的目標價,並且更高的EBITDA估算反映了對營業費用假設的降低。

Read Next:

下一步閱讀:

  • Easing Inflation Brings Hope To Restaurants In 2025 But Uncertainty Lingers: Analyst Upgrades Shake Shack And Dutch Bros
  • 通脹緩解給2025年的餐廳帶來了希望,但不確定性仍然存在:分析師升級了Shake Shack和Dutch Bros。

Photo via Shutterstock.

圖片來自Shutterstock。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
    搶先評論