Energy drink stock Celsius pops more than 30% on big quarterly results, Alani Nu acquisition
Core Insights - Celsius Holdings experienced a significant surge in stock price, increasing over 33% in premarket trading, driven by strong revenue results and a strategic acquisition [1] Financial Performance - The company reported a record fourth-quarter revenue of $332.2 million, surpassing analyst expectations of $326 million [2] - Adjusted earnings per share were 14 cents, exceeding the forecast of 11 cents by analysts [2] Strategic Acquisition - Celsius announced the acquisition of Alani Nutrition for $1.65 billion, which includes both cash and stock components [2] - This acquisition aims to merge two growing brands in the U.S. energy drink market, enhancing the company's position in the zero-sugar alternatives segment [3]