Why Celsius Holdings Shares Are Rising Today
Portfolio Pulse from Nabaparna Bhattacharya
Celsius Holdings, Inc. (NASDAQ:CELH) shares surged after reporting Q4 earnings of $0.17 per share, surpassing the consensus of $0.15, and revenues of $347.43 million, beating estimates of $331.49 million. Revenues increased 95% YoY, with North American revenue up 97% and international revenue up 68%. Adjusted EBITDA rose 387% to $65.2 million, and gross profit increased 110% YoY to $166 million. Gross margin expanded to 47.8%, with a 340 basis point improvement attributed to efficiencies. Celsius ended the year with $756 million in cash.
February 29, 2024 | 4:59 pm
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POSITIVE IMPACT
Celsius Holdings reported strong Q4 earnings and revenue growth, surpassing analyst expectations. The company saw significant year-over-year revenue growth, improved gross margins, and a substantial increase in adjusted EBITDA.
The positive earnings report, with earnings and revenue exceeding analyst expectations, along with significant year-over-year growth and improved margins, is likely to instill investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100