百威英博2025年一季度财报显示，公司营业利润同比增长7.9%，远超市场预期的3.1%，主要得益于成本优化与高端化策略。尽管全球 啤酒 销量下滑2.2%（无酒精类产品收入增长34%），但利润率逆势提升218个基点至35.6%，EBITDA达48.55亿美元。受行业需求低迷、线下渠道收缩及库存调整影响，中国市场销量同比下降9.2%，营收下滑12.7%，EBITDA降幅达15.2%。该公司指出，约1/...
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