Celsius Holdings Q3 revenue beats estimates

Overview

• Celsius Holdings Q3 revenue grows 173% yr/yr, beating analyst expectations

• Company reports net loss due to distributor termination costs with PepsiCo

• Adjusted EPS for Q3 at $0.42, reflecting operational adjustments

Outlook

• Celsius Holdings focuses on growth through expanded PepsiCo partnership and brand integration

• Company aims for sustainable growth with broader portfolio and leadership enhancements

Result Drivers

• ACQUISITIONS BOOST - Revenue growth driven by acquisition of Alani Nu and Rockstar Energy

• BRAND PERFORMANCE - CELSIUS brand revenue grew 44% in Q3, driven by favorable product mix and increased distribution

• DISTRIBUTOR TERMINATION COSTS - Net loss due to costs from transitioning Alani Nu's distribution to PepsiCo

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the non-alcoholic beverages peer group is "hold."

• Wall Street's median 12-month price target for Celsius Holdings Inc is $72.00, about 16.8% above its November 5 closing price of $59.92

• The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 44 three months ago

Press Release:

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