BOCA RATON, Fla. - Celsius Holdings , Inc. (NASDAQ:CELH) saw its stock jump 10% after reporting second quarter earnings and revenue that topped analyst expectations, driven by continued strong demand for its energy drinks.
The company reported Q2 earnings per share of $0.28, beating the analyst consensus estimate of $0.23. Revenue came in at $402 million, surpassing expectations of $394.16 million and growing 23% year-over-year.
Celsius' North American revenue increased 23% to $382.4 million, while international sales rose 30% to $19.6 million. Gross profit margin expanded to 52%, up from 48.8% in the prior year period.
"Celsius today reported its best second quarter financial results ever, delivering records in revenue, gross profit and gross margin," said John Fieldly, Chairman and CEO of Celsius Holdings. "Celsius continued to lead the energy drink category, contributing 47 percent of all second-quarter growth, and we believe that we are well-positioned to capture incremental category dollar share."
The company said its retail sales grew 36.5% year-over-year in the second quarter, outpacing the broader energy drink category. Celsius gained approximately 35% more retail shelf space compared to late 2023.
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