After a brief correction sell-off across global stock market indexes over the past couple of trading days, investors may be looking for places in the market where their capital might be safer. Some have looked to the energy sector, just like Warren Buffett did when he bought up to 29% of Occidental Petroleum Co. NYSE: OXY.
Celsius Holdings had high-growth expectations but failed to deliver on them in 2024. Second-quarter results showed slowing growth, loss of market share, and uncertainty about future growth rates. Despite the end of hyper-growth, Celsius still has the potential for double-digit growth, but the current valuation may be too high.
Earnings results were even better than expected.
Celsius (NASDAQ: CELH ) stock is in the news Tuesday after the energy drinks and liquid supplements company announced earnings results for its most recent quarter. Celsius starts off its report with diluted earnings per share of 28 cents for the period.
Celsius Holdings, Inc. (NASDAQ:CELH ) Q2 2024 Earnings Conference Call August 6, 2024 8:00 AM ET Company Participants Paul Wiseman – Investor Relations John Fieldly – Chairman and Chief Executive Officer Jarrod Langhans – Chief Financial Officer Conference Call Participants Kaumil Gajrawala – Jefferies Mark Astrachan – Stifel Michael Lavery – Piper Sandler Jonathan Keypour – Bank of America Bill Chappell – Truist Peter Grom – UBS Operator Thank you for standing by. My name is Eric, and I will be your conference operator today.
The headline numbers for Celsius (CELH) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
With the company expanding internationally, there's a lot more growth ahead.
Celsius Holdings Inc. (CELH) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.17 per share a year ago.
Celsius stock, Molson Coors shares jump after the beverage producers beat estimates early Tuesday.
Celsius Holdings' (CELH) strong innovation and extensive distribution network are upsides, but slowing revenue growth, potential margin pressures and a volatile consumer landscape are concerns.
Revenue growth in recent years was impressive, but that is slowing down. Shares are still extremely expensive based on the popular P/E ratio.
Celsius has a winning formula to gain significant share of the growing energy drink market. Lululemon is a popular athleticwear brand with a lot of room to grow in a $300 billion market.