Celsius Holdings Q2 2024 GAAP EPS $0.28 Beats $0.23 Estimate, Sales $402M Beat $393.165M Estimate
Portfolio Pulse from Benzinga Newsdesk
Celsius Holdings (NASDAQ:CELH) reported Q2 2024 GAAP EPS of $0.28, beating the $0.23 estimate by 21.74%. Sales were $402M, surpassing the $393.165M estimate by 2.25%, and showing a 23.36% increase from the same period last year.
August 06, 2024 | 10:00 am
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POSITIVE IMPACT
Celsius Holdings reported strong Q2 2024 earnings, with EPS of $0.28 beating estimates by 21.74% and sales of $402M surpassing expectations by 2.25%. Sales increased by 23.36% YoY.
The strong earnings report, with both EPS and sales beating estimates, is likely to positively impact CELH's stock price in the short term. The significant YoY sales growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100