学习胖东来效果未显！永辉超市前三季度净亏损7.1亿元

Core Insights - Yonghui Supermarket reported a revenue of 42.434 billion yuan for the first three quarters of 2025, a year-on-year decline of 22.21% [1][3] - The company experienced a net loss attributable to shareholders of 710 million yuan, which is a decrease of 632 million yuan compared to the same period last year [1][3] - The company has been facing challenges due to intense competition in the retail sector and changing consumer habits, leading to a decline in customer traffic and average transaction value [3][4] Financial Performance - For Q3 2025, the company reported a revenue of 12.486 billion yuan, down 25.55% year-on-year [2][3] - The total profit for the first three quarters was -772 million yuan, with a net profit attributable to shareholders of -710 million yuan [2][4] - The company’s gross margin declined in Q3 due to strategic changes in product structure and procurement during store renovations [4] Store Operations - As of the end of Q3, Yonghui Supermarket operated 450 stores, with 222 undergoing renovations since May 2024 [3] - The company has been closing underperforming stores as part of its optimization strategy, resulting in a loss of 612 million yuan from store closures in Q3 [4] Regulatory Issues - Yonghui Supermarket received a warning from the China Securities Regulatory Commission for failing to timely disclose changes in shareholding after reducing its stake in Hongqi Chain [4][5] - This marks the second regulatory concern for the company in 2023, following a previous notice regarding internal governance issues [5]