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Benzinga

Business

Akanksha Bakshi

Celsius Flagship Brand Falters, Sales Drop 11.7%, Margin Contracts

Celsius United States CELH Celsius Holdings Celsius Holdings Inc Alani Nu

Miami,Beach,,Florida,-,July,02,,2024:,Celsius,Energy,Drinks

Celsius Holdings Inc. (NASDAQ:CELH) reported Thursday that second-quarter revenue rose 10.6% to $817.9 million from $739.3 million, but missed the $870.027 million analyst estimate.

Adjusted diluted earnings fell to 36 cents from 47 cents and missed the 42-cent estimate. GAAP diluted EPS declined to 14 cents from 33 cents, while net income fell 44.6% to $55.3 million.

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