Celsius Shares Jump 7% on Q1 Beat, Reports Record Revenues
Investing.com2023-05-09
Celsius Holdings Inc shares surged more than 7% after-hours following the company’s reported Q1 earnings, with EPS of $0.40 coming in better than the consensus estimate of $0.19.
Revenue grew 95% year-over-year to $260 million, beating the consensus estimate of $218.31M. The revenue beat was driven predominantly by North American revenue, which rose 101% year-over-year to $249M.
According to CEO John Fieldly, the company posted all-time quarterly record revenue and over $34M in net income, driven by expanded availability and increased consumer awareness. Furthermore, the company continues to further transition into PepsiCo's (NASDAQ:PEP) best-in-class distribution system.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
