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Celsius didn't have a good quarter, but the full picture is a little better for the company.Investors knew the third quarter was going to be bad for Celsius (CELH -3.63%), but the reality was worse than some expected. What investors need to know is how the revenue drop in Q3 affects the company's trajectory.*Stock prices used were end-of-day prices of Nov. 6, 2024. The video was published on Nov. 7, 2024. ...

The company's numbers look terrible, but there's more to the story.Shares of energy drink company Celsius Holdings (CELH -6.33%) crashed on Wednesday after the company reported financial results for the third quarter of 2024. The results disappointed investors on both the top and bottom lines. As of 11:45 a.m. ET, Celsius stock was down 10% and had hit new 52-week lows.Celsius' business pulled back in Q3The headline numbers for Celsius were troubling. Q3 revenue was down 31% year over year to $266 million.  ...

This growth stock continues to be beaten down after growth decelerates.In today's video, I will talk about Celsius's (CELH -8.62%) third-quarter earnings report. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Nov. 5, 2024. The video was published on Nov. 6, 2024. ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Financial Data and Key Metrics - Q3 2024 revenue was $265.7 million, a decrease from the previous year primarily due to distributor inventory optimization [10] - Year-to-date revenue through September 30, 2024, was $1.02 billion, a 5% increase from the prior year [11] - Gross profit in Q3 decreased 37% to $122 million, with gross profit margins at 46% compared to 50.4% in the prior year [31] - Non-GAAP adjusted EBITDA for Q3 decreased 96% to $4.4 million, with year-to-date adjusted EBITDA margin at 18.8% [35] - Net income in Q3 decreased 92% to $6.4 million, with year-to-date net income at $164 million [35] Business Line Data and Key Metrics - Retail sales increased 7.1% year-over-year, with unit sales up 7.3% [9] - Sales to Amazon increased 21% year-over-year to $27 million [18] - Sales to Costco increased 15%, while total club channel sales decreased 4% to $60.5 million [19] - Approximately 12.3% of total North America sales were through the food service channel, with lodging and restaurant points of distribution up 46% and 27% respectively [17] Market Data and Key Metrics - Domestic market share in MULO Plus with Convenience rose to 11.6%, an increase of 10 basis points from the previous year [16] - International revenue grew 37% to $18.6 million in Q3 2024 [30] - The company launched in Australia and New Zealand in October [20] Company Strategy and Industry Competition - The company focuses on three key growth drivers: attracting new consumers, expanding product availability, and increasing consumption frequency [12] - Recent innovations include new flavors like Grape Slush and Watermelon Ice, and the acquisition of Big Beverage to enhance supply chain control and innovation capabilities [14][21] - The company is investing in AI-assisted selling tools and new technologies to improve operational efficiency [23] - The company is expanding globally, with new markets in the UK, Ireland, Australia, New Zealand, and France [78][80] Management Commentary on Operating Environment and Future Outlook - The company expects to see alignment of sell-in and sell-through before Q4 ends, with potential pressure ranging from a slight benefit to $15 million [49][51] - Management is optimistic about the sugar-free movement, with over 50% of the energy drink category now sugar-free [41] - The company is focused on increasing availability and expanding placements, particularly in convenience stores [16][60] Other Important Information - The company acquired Big Beverage, a long-term co-packer, to gain greater control over the supply chain and innovation capabilities [21] - A new center of excellence was established in Ireland to drive global innovation, procurement, and supply chain [22] - Two new board members, Hans Melotte and Israel Kontorovsky, were added, bringing extensive global consumer goods experience [24] Q&A Session Summary Question: Cadence for Q4 2024 and 2025 - The company has promotional activities planned for Q4 and is focusing on growth drivers like increasing new consumers and expanding availability [37][38] Question: Consumer Trends and Category Growth - The company needs improved macroeconomic trends and increased traffic to re-accelerate category growth [40][42] Question: Incentive Structure with Pepsi - The incentive program with Pepsi is expected to drive category acceleration through priority periods and further alignment [44][45] Question: Inventory Optimization - The company expects alignment of sell-in and sell-through before Q4 ends, with potential pressure ranging from a slight benefit to $15 million [48][51] Question: Market Share and Consumer Behavior - The company is focused on increasing consumption occasions and bringing back consumers as confidence returns [55][56] Question: International Expansion - The company is expanding into new markets like the UK, Ireland, Australia, New Zealand, and France, with a focus on higher energy drink volume markets [78][80] Question: Shelf Space and Competitive Positioning - The company expects to gain additional shelf space and better placements in 2025, with positive feedback from retailers [84][85] Question: Balance Sheet and Vertical Integration - The company acquired Big Beverage to enhance innovation capabilities and supply chain control, with no immediate plans for further vertical integration [87][90] Question: Execution Playbook and Pricing - The company is evolving its playbook to focus on sugar-free products and increasing availability, with a conservative approach to pricing [95][96][100]

Celsius Holdings Inc. (CELH) reported $265.75 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 30.9%. EPS of $0.00 for the same period compares to $0.30 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $266.13 million, representing a surprise of -0.14%. The company delivered an EPS surprise of -100.00%, with the consensus EPS estimate being $0.05.While investors scrutinize revenue and earnings changes year-over-year and how they com ...

THIRD QUARTER 2024 INVESTOR PRESENTATION C E LS I US HO LD IN GS , IN C . | QU A RT E R 3, 2 02 4 IN V E S TOR P R E S E N TAT ION Nov. 6, 2024 O SAFE HARBOR & NON-GAAP MEASURES This presentation contains statements that are not historical facts and are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forwardlooking statements contain projections of Celsius' future results of operations or financial position, or state other forward -look ...

Group 1 - Celsius Holdings Inc. reported break-even quarterly earnings per share, missing the Zacks Consensus Estimate of $0.05, compared to earnings of $0.30 per share a year ago, representing an earnings surprise of -100% [1] - The company posted revenues of $265.75 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.14%, and down from year-ago revenues of $384.76 million [2] - Celsius shares have lost about 41.8% since the beginning of the year, while the S&P 500 has gained 21.2% [3] Group 2 - The current consensus EPS estimate for the coming quarter is $0.16 on revenues of $339.95 million, and for the current fiscal year, it is $0.76 on revenues of $1.36 billion [7] - The Zacks Industry Rank for Food - Miscellaneous is currently in the bottom 43% of over 250 Zacks industries, indicating potential underperformance compared to the top 50% of ranked industries [8]

Revenue Performance - Revenue for Q3 2024 was approximately $265.7 million, a decrease of 31% compared to $384.8 million in Q3 2023[2] - Year-to-date revenue increased by 5% to $1.02 billion compared to $970.6 million for the same period last year[6] - International sales rose by 37% year-over-year to $18.6 million in Q3 2024, up from $13.6 million in Q3 2023[3] - Revenue for the three months ended September 30, 2024, was $265,748, a decrease of 30.9% compared to $384,757 in the same period of 2023[19] Profitability Metrics - Gross profit margin for Q3 2024 was 46.0%, a decrease of 440 basis points from 50.4% in Q3 2023[4] - Net income for Q3 2024 was $6.4 million, down 92% from $83.9 million in Q3 2023[2] - Diluted EPS for Q3 2024 was $(0.00), compared to $0.30 for the prior-year period[5] - Gross profit for the three months ended September 30, 2024, was $122,229, down 37.0% from $194,082 in the prior year[19] - Net income for the three months ended September 30, 2024, was $6,356, a decline of 92.4% compared to $83,949 in the same quarter of 2023[19] - Adjusted EBITDA for the three months ended September 30, 2024, was $(696), compared to $98,395 in the same period of 2023[21] - Adjusted EBITDA Margin for the three months ended September 30, 2024, was 1.7%, down from 26.9% in the prior year[21] - Net income attributable to common stockholders for the three months ended September 30, 2024, was $(557), a significant decrease from $70,372 in 2023[19] Expenses and Other Financials - Selling, general and administrative expenses increased to $125,443 for the three months ended September 30, 2024, up 30.2% from $96,385 in 2023[19] - Total other income for the three months ended September 30, 2024, was $11,389, an increase of 61.8% from $7,048 in the same period of 2023[19] - The provision for income taxes for the three months ended September 30, 2024, was $(1,819), compared to $(20,796) in the same quarter of 2023[19] - The company reported a foreign currency translation adjustment of $2,025 for the three months ended September 30, 2024, compared to a loss of $(664) in the same period of 2023[19] Strategic Initiatives - The acquisition of Big Beverages is expected to enhance innovation and manufacturing capabilities[11] - Celsius introduced two new flavors in the CELSIUS ESSENTIALS line and plans to launch additional flavors in 2025[10] - Sales to Costco increased by 15% in Q3 2024, while total club channel sales decreased by 4% to $60.5 million[8] - Celsius' energy drink category dollar share in MULO Plus with Convenience was 11.6%, an increase of 0.1 points year-over-year[8]