Celsius didn't have a good quarter, but the full picture is a little better for the company.
The company's numbers look terrible, but there's more to the story.
This growth stock continues to be beaten down after growth decelerates.
Celsius Holdings (NASDAQ:CELH) plunged 11% after the energy drink brand reported a plunge in profits due to a sharp fall in North American sales and tighter profit margins due to supply chain optimization by its largest distributor. Group revenue leaked 31% lower year-on-year to $265.7 million in the third quarter, as the North American business saw turnover drop 33%, as orders were hit by the distributor's process, partly offset by a 37% bubbling up in the smaller international sales segment.
The company, however, has outpaced competitors in dollar and volume sales gains, its CEO said.
Celsius Holdings, Inc. (NASDAQ:CELH ) Q3 2024 Earnings Conference Call November 6, 2024 8:00 AM ET Company Participants John Fieldly - Chairman, Chief Executive Officer Jarrod Langhans - Chief Financial Officer Toby David - Chief of Staff Paul Wiseman - Senior Vice President of Investor Relations Conference Call Participants Jim Salera - Stephens Kaumil Gajrawala - Jefferies Mark Astrachan - Stifel Peter Grom - UBS Kevin Grundy - BNP Paribas Michael Lavery - Piper Sandler Eric Serotta - Morgan Stanley Operator Thank you for standing by. My name is Jail [ph] and I will be your conference operator today.
Although the revenue and EPS for Celsius (CELH) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Celsius Holdings Inc. (CELH) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.05. This compares to earnings of $0.30 per share a year ago.
Vertical integration could help Celsius' margins and inventory.
Will buying Celsius stock today be a game-changer for your portfolio in the long run? Let's weigh this exciting energy drink specialist's upsides and downsides.
Celsius Holdings' stock has declined significantly since May, influenced by market dynamics and internal challenges. The energy drink market is projected to grow, but economic factors and competition impact Celsius's performance. In Q2 2024, Celsius reported $402 million in revenues, a 23% YoY increase, yet cash flow remains inconsistent.
In the most recent trading session, Celsius Holdings Inc. (CELH) closed at $30.08, indicating a -1.99% shift from the previous trading day.