news flash·2025-06-27 00:34Group 1 - The core viewpoint is that the snack retail industry is undergoing a transformation focused on extreme cost-performance, with a high industry ceiling [1] - The estimated ceiling for the number of stores in the industry is 67,000, indicating a potential expansion space of 140% compared to the current number [1] - In 2024, various snack retail brands are expected to rapidly expand, shifting the market structure from "two superpowers and many strong players" to a "dual oligopoly" [1] Group 2 - The leading snack retail businesses are anticipated to see continued improvement in net profit margins by 2025, driven by scale effects, enhanced bargaining power with suppliers, and optimized subsidies for franchisees [1] - The successful advancement of discount supermarkets and private label brands is expected to further unlock the potential for store openings and profitability ceilings [1]