Celsius Power Surge: Q2 Earnings And Sales Smash Expectations, Stock Climbs
Portfolio Pulse from Nabaparna Bhattacharya
Celsius Holdings, Inc. (NASDAQ:CELH) reported strong Q2 earnings and sales, significantly beating analyst expectations. The company posted earnings per share of 28 cents, surpassing the expected 23 cents, and quarterly sales of $402 million, exceeding the consensus of $393.165 million. The North American business and sustained consumer demand growth were key drivers. Gross profit increased by 32% to $209.1 million, with a gross margin of 52.0%. CELH shares rose by 2.66% following the announcement.
August 06, 2024 | 1:49 pm
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Celsius Holdings reported strong Q2 earnings and sales, significantly beating analyst expectations. The company posted earnings per share of 28 cents, surpassing the expected 23 cents, and quarterly sales of $402 million, exceeding the consensus of $393.165 million. Gross profit increased by 32% to $209.1 million, with a gross margin of 52.0%. CELH shares rose by 2.66% following the announcement.
The strong Q2 earnings and sales report, which significantly beat analyst expectations, is likely to have a positive short-term impact on CELH's stock price. The increase in gross profit and margin further supports this positive outlook.
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