Celsius Holdings Reports Third Quarter 2024 Financial Results Quarterly results reflect the impact of supply chain optimization by company's largest distributor Growth of sugar-free energy category propels YTD revenue over $1 billion Co-packer acquisition unlocks innovation and manufacturing capabilities BOCA RATON, Fla., Nov. 6, 2024 — Celsius Holdings, Inc. (Nasdaq: CELH), maker of CELSIUS , the premium lifestyleenergy drink formulated to power active lifestyles, today reported third quarter 2024 financia ...

Revenue Performance - Revenue for Q3 2024 was $265.7 million, a 31% decrease from $384.8 million in Q3 2023, primarily due to inventory optimization and promotional allowances[170] - Revenue for the nine months ended September 30, 2024, was $1,023.4 million, a 5.4% increase from $970.6 million in the same period in 2023[178] - Total revenues for the nine months ended September 30, 2024 were $1,023.4 million, a 5% increase from $970.6 million in 2023[180] European Market Growth - European revenue increased by 47% to $16.2 million in Q3 2024, driven by successful innovation launches[171][172] - European revenues for the nine months ended September 30, 2024 increased by $15.5 million or 49% to $47.1 million compared to the same period in 2023[179] Gross Profit and Margins - Gross profit decreased by 37% to $122.2 million in Q3 2024, with gross profit margin dropping to 46% from 50% in Q3 2023[173] - Gross profit for the nine months ended September 30, 2024 increased by $46.6 million or 10% to $513.5 million, with gross profit margins rising to 50% from 48% in 2023[181] SG&A Expenses - SG&A expenses increased by 30% to $125.4 million in Q3 2024, driven by higher employee costs and marketing investments[174][176][177] - SG&A expenses for the nine months ended September 30, 2024 increased by $79.8 million or 31% to $339.3 million, driven by a $56.0 million increase in marketing investments[182] Net Income and Loss - Net loss attributable to common stockholders was $0.6 million in Q3 2024, compared to a net income of $70.4 million in Q3 2023[175] - Net income attributable to common stockholders for the nine months ended September 30, 2024 was $131.0 million, with basic earnings per share of $0.56[184] International Expansion - The company expanded its international presence through agreements with Pepsi in Canada and Suntory in the UK, Ireland, Australia, New Zealand, France, and Benelux[164][165][167][168] - The company entered into an incentive program with Pepsi in March 2024 to align businesses and expand the product portfolio in the U.S.[166] Product Innovation - The company introduced a new CELSIUS® Essentials line in 16-ounce cans in 2023[162] - The company's MetaPlus formulation, a blend of ginger root, guarana seed extract, chromium, vitamins, and green tea extract, is a key part of its product portfolio[163] Cash Flow and Financial Position - Cash and cash equivalents as of September 30, 2024 were $903.7 million, up from $756.0 million as of December 31, 2023[185] - Cash flows provided by operating activities for the nine months ended September 30, 2024 increased by $51.2 million to $187.2 million compared to the same period in 2023[188] - Cash flows used in investing activities for the nine months ended September 30, 2024 totaled $21.0 million, primarily due to increased purchases of property and equipment[189] - Cash flows used in financing activities for the nine months ended September 30, 2024 were $18.5 million, mainly driven by cash dividends paid on Series A Preferred Stock[190] Off Balance Sheet Arrangements - The company had no off balance sheet arrangements as of September 30, 2024 and December 31, 2023[191]

Vertical integration could help Celsius' margins and inventory.Celsius (CELH 0.87%) is buying one of its suppliers in a move that will vertically integrate the beverage company. Is this a good move or a sign of desperation? Travis Hoium covers the implications in this video.*Stock prices used were end-of-day prices of Nov. 1, 2024. The video was published on Nov. 3, 2024. ...

I'm an investment analyst with several years of clinical experience and a Master of Business Administration, now expanding my focus beyond biotech and healthcare into a range of sectors. I've had the privilege of sharing my insights on Seeking Alpha since 2017. Outside of spending time with my family, it is my favorite thing to do. My work emphasizes financial modeling techniques, such as Discounted Cash Flow (DCF) analysis, to uncover hidden assumptions within stock valuations across multiple industries. B ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Celsius Holdings Inc. (CELH) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss ...

Energy drinks have been getting a considerable amount of negative publicity regarding health concerns, which has led to a decline in consumption. This, along with soft consumer spending and market saturation from competitors, has triggered a strong sell-off in two of the most popular energy drink brands: Monster Beverage Co. NASDAQ: MNST and Celsius Holdings Inc. NASDAQ: CELH. The convenience store channel generates over 62% of energy drink sales. Foot traffic has been steadily increasing since February 202 ...

In my previous article on Celsius Holdings (NASDAQ: CELH ), I mentioned how much I liked the company's growth prospects. Despite being somewhat pricey valuation-wise, I felt that Celsius was growing rapidly enough that it could grow into its valuation. Since Nine to 5 by day. Hobbyist stock trader by night. I got an MBA and a CFA ... so that should count for something. I only care about my own greedy interests and I love feeding trolls. Not your financial advisor. Information for entertainment purposes only ...

Fortunes have been made in recent years with these soaring stocks. Get rich quickly. Many investors want to accomplish this goal. However, it's easier said than done. What's the key to achieving a fortune in a relatively short time? Finding the right stocks. While it's difficult to predict which ones will be the biggest winners of the future, hindsight is 20/20. These three stocks turned $10,000 into more than $250,000 over the last five years. 1. Celsius Holdings Celsius Holdings (CELH -4.74%) markets a li ...

Is now an optimal time to buy Celsius Holdings stock? Celsius Holdings (CELH -2.93%) has been a terrific growth stock to own over the past decade as both its top and bottom lines have soared. But this year has been a nightmare for shareholders of the energy drink company. Its growth rate has slowed, and with a concerning outlook ahead, the stock has been in a free fall. Year to date, shares of Celsius are now down more than 35%. The stock could be headed for its worst year since 2011. Is Celsius in deep tro ...

If you'd like to learn more about how to best position yourself in under valued stocks mispriced by the market to start Q4, consider joining Out Fox The Street . Celsius Holdings, Inc. (NASDAQ: CELH ) has gone from hero to laggard in just months. The energy drink company still appears to have a bright future, despite the 70% dip since the all-time highs in just May. My investment Mark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential ...