食品饮料行业周报：关注旺季催化下的消费龙头

招商证券股份有...2025-06-09

本周新消费表现分化，继续关注零食、保健品等行业产品红利/布局增量渠道带来的机会。旺季将至，啤酒、饮料企业部分大单品数据反馈优秀，延续前期势能，关注度有望提升。白酒短期受情绪冲击较大，三期叠加下行业加速触底，估值低位下、配置机会逐步显现，龙头公司相对从容。6 月把握现金流、ROE 水平较好的传统消费龙头补涨机会、关注旺季动销催化。核心公司跟踪：燕京聚焦缩短与头部差距，寿仙谷渠道双模式运营燕京啤酒：“...

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