永辉超市Q3财报：营收124.86亿元，前三季度累计收入424.34亿元

Core Viewpoint - Yonghui Supermarket reported a positive financial performance for Q3 2025, with a focus on optimizing existing stores and enhancing operational efficiency through the "Pang Donglai" model [1] Financial Performance - In Q3 2025, Yonghui Supermarket achieved a revenue of 12.486 billion yuan, bringing the total revenue for the first three quarters to 42.434 billion yuan [1] - The company has successfully completed the transformation of 222 stores under the "Pang Donglai" model, leading to economies of scale [1] Operational Strategy - The company has shifted its focus towards high-quality horizontal adjustments and is now entering a phase of refined deep upgrades [1] - The current emphasis of the transformation phase is on "health," which involves proactive optimization of existing stores and in-depth operations of transformed stores [1] - The cumulative same-store sales have returned to positive growth for the first three quarters, indicating a successful strategy implementation [1]