可口可乐:“快乐肥宅水” 依然是最稳避风港?

海豚投研
Jul 22, 2025

“宇宙第一消费股”$可口可乐(KO.US)于北京时间 2025 年 7 月 22 日晚间美股盘前发布了 2025 年第二季度财报(截止 2025 年 6 月),1、高基数下内生增长有所回落:2Q25 可口可乐实现表观营收 125.4 亿美元,同比增长 1.4%,小幅不及市场一致预期,其中内生营收(Organic revenue)同比增长 5%,量价拆分看,浓缩液销量同比下降 1%,最核心的原因还是...

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