On a down day, very few stocks are making gains, let alone soaring. On the other hand, Celsius Holdings, Inc. (NASDAQ: CELH) stock is continuing to rise after its FY22 Q1 earnings results exceeded analysts’ expectations.
CELH was trading at $51.46 at the time of writing, representing a 24.5% gain.
Celsius Holdings reported $0.09 per share in quarterly earnings, exceeding the Zacks Consensus Estimate of $0.03 per share.
This quarterly report represents a 200% increase in earnings. This company’s earnings were expected to be $0.04 per share a quarter ago, but it actually earned $0.15, delivering a 275% surprise.
Celsius Holdings reported revenue of $133.39 million for the quarter ended March 2022, which was 13.41% higher than the Zacks Consensus Estimate.
- Revenue of $133.4 million, up 167% from $50.0 million in Q1 2021.
- Domestic revenue increased 217% to $123.5 million, up from $39.0 million in Q1 2021.
- International revenue decreased 10% to $9.9 million, from $11.0 million in Q1 2021.
Celsius Holdings is a global consumer packaged goods company known for its proprietary, clinically proven CELSIUS formula. A fitness-inspired lifestyle energy drink that is a pioneer in the rapidly growing energy category. CELSIUS provides its users with proprietary, functional, essential energy formulas that have been clinically proven to provide significant health benefits. Six university studies have been published in peer-reviewed journals, validating CELSIUS’s unique benefits.