Celsius Holdings has just released their impressive financial results for Q4 FY2023, showing significant growth in various areas. Let’s take a closer look at some of the key highlights from their recent reports:
Revenue Surge: Celsius witnessed an outstanding 95.2% increase in revenue compared to the previous year, hitting $347.4 million, surpassing analyst predictions.
Profit Boost: The company achieved a GAAP profit of $0.17 per share, marking a substantial improvement from the previous year.
Market Reaction: Despite the positive results, Celsius’s stock faced a slight 1.9% decline post-report, trading at $66.42 per share.
Expectations Met: Analysts had projected a revenue growth of 86.2% year-on-year to $331.5 million for this quarter, with adjusted earnings expected at $0.18 per share.
Investor Buzz: Investors have been closely monitoring Celsius, with high hopes fueled by its past performance and strategic partnerships, including those with companies like PepsiCo.
Overall, Celsius Holdings continues to show robust growth and a strong presence in the market, focusing on expanding its product offerings globally and solidifying its position as a leading player in the energy drink industry.
Celsius Holdings Inc. (CELH) Stock Price Drops Slightly on February 29, 2024 – Still Trading Strong Near 52-Week High
On February 29, 2024, Celsius Holdings Inc. (CELH) experienced a slight drop in its stock price. The stock opened at $63.81, which was $3.96 lower than its previous close. Throughout the trading day, CELH shares decreased by $1.74, representing a 2.57% drop in value.
Despite this decrease, CELH is still trading near the top of its 52-week range and above its 200-day simple moving average. This indicates that the stock has been performing well overall in the long term. Investors may view this as a positive sign of the company’s stability and growth potential.
Celsius Holdings Inc. Sees 107.97% Increase in Total Revenue in 2024
On February 29, 2024, Celsius Holdings Inc. (CELH) saw a significant increase in its total revenue compared to the previous year and the last quarter. The company reported a total revenue of $653.60 million for the past year, which marks a 107.97% increase from the previous year. In the third quarter alone, CELH reported a total revenue of $384.76 million, showing an 18.07% increase from the previous quarter.
Despite the positive revenue growth, CELH reported a net income of -$187.28 million for the past year. However, in the third quarter, the company reported a net income of $83.95 million.
In terms of earnings per share (EPS), CELH reported a negative EPS of -$0.88 for the past year. In the third quarter, the company reported a positive EPS of $0.30.
Overall, despite the challenges faced by CELH in terms of net income and EPS, the significant increase in total revenue is a positive sign for the company’s performance. Investors will be closely watching CELH stock on February 29, 2024, to see how the market reacts to these financial results.
