Why Celsius Holdings Stock Is Moving Higher Wednesday
Portfolio Pulse from Adam Eckert
Celsius Holdings Inc (NASDAQ:CELH) reported better-than-expected Q2 financial results, with revenues of $326 million and EPS of 52 cents, beating estimates. The company's total revenue was up 112% YoY, with international revenue increasing by 76% and North America revenue up by 114%. The company attributed its strong growth to gains in distribution points, increased SKUs per location, Club Channel growth, and increased sales and marketing investments. Celsius also leveraged PepsiCo Inc's (NASDAQ:PEP) distribution system. The company ended the quarter with $681 million in cash and equivalents.
August 09, 2023 | 12:46 pm
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POSITIVE IMPACT
Celsius Holdings reported strong Q2 results, beating estimates. The company's stock is likely to be positively impacted by these results.
Celsius Holdings reported better-than-expected Q2 results, which is a positive signal for investors. This is likely to increase investor confidence in the company and could lead to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Celsius Holdings leveraged PepsiCo's distribution system, which may have contributed to its strong Q2 results. However, the impact on PepsiCo's stock is likely to be minimal.
While Celsius Holdings leveraged PepsiCo's distribution system, the news does not provide enough information to determine the extent of the impact on PepsiCo. Therefore, the impact on PepsiCo's stock is likely to be minimal.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50