Drink Company Celsius Reports Its All-Time Quarterly Record Revenue, Thanks To Growing Distribution Points
Portfolio Pulse from Nabaparna Bhattacharya
Celsius Holdings, Inc. (NASDAQ:CELH) reported Q3 sales of $384.75 million, up 104% Y/Y, beating the analyst consensus of $348.94 million. The company also reported quarterly EPS of $0.89, beating the analyst consensus of $0.47. The increase in sales was driven predominantly by North American revenue, which increased 107% to $371 million, thanks to the expansion in total distribution points and higher SKUs per location. Gross profit for the third quarter of 2023 was $194 million, up 147% Y/Y. As of September 30, 2023, Celsius had $760 million in cash and cash equivalents.
November 07, 2023 | 4:01 pm
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Celsius Holdings reported better-than-expected Q3 results, with sales and EPS both beating analyst consensus. The increase in sales was driven by North American revenue, thanks to the expansion in distribution points and higher SKUs per location. The company also reported a significant increase in gross profit.
Celsius Holdings reported strong Q3 results, with sales and EPS both beating analyst consensus. This is likely to be viewed positively by investors, potentially leading to an increase in the company's stock price in the short term. The company's strong financial performance was driven by an increase in North American revenue, thanks to the expansion in distribution points and higher SKUs per location. The company also reported a significant increase in gross profit, which is likely to further boost investor confidence in the company.
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