6月3日，蜜雪集团盘中下跌3.93%，报272.2港元/股，成交额2684.07万港元，延续前一交易日跌势。
消息面上，市场对公司增长前景的担忧持续发酵。公司国内门店扩张逼近物理极限，核心业务毛利率从31.2%降至29.9%，核心原料柠檬采购价涨幅超60%，而人均消费仅7.3元的定价体系限制了提价空间，利润受上下游双重挤压。同时，公司新孵化品牌鲜啤福鹿家面临消费场景单一、盈利模型尚未跑通等挑战，"再造蜜雪"难度显现。此外，管理层提示外卖补贴退坡后门店营业额增长放缓，餐馆行业今日整体走弱，古茗跌2.25%、海底捞跌1.85%、百胜中国跌1.74%。
蜜雪冰城股份有限公司是一家主要从事销售现制饮品的中国公司，主营业务是根据加盟模式向加盟商出售门店物料及设备，旗下拥有现制茶饮品牌"蜜雪冰城"和现磨咖啡品牌"幸运咖"，在国内和国外市场开展业务。
（以上内容均基于市场公开消息，由程序或算法智能生成，仅作为股价异动提醒，不作为投资建议或交易依据。）
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.