Celsius Stock Jumps 14% on Strong Q4 Earnings Growth

Thursday, 29 February 2024, 17:28
The shares of energy drink company Celsius (NASDAQ: CELH) soared 14% following the release of impressive fourth-quarter results that exceeded revenue and adjusted EBITDA expectations set by analysts. The company experienced robust topline growth of 95% year on year, primarily driven by a 97% increase in North American revenue. Management attributed the growth to expanded distribution points and increased SKUs per location. International revenue also showed significant strength.
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Celsius Stock Jumps 14% on Strong Q4 Earnings Growth

Why Is Celsius (CELH) Stock Rocketing Higher Today

Key Highlights:

  • Shares of energy drink company Celsius (NASDAQ: CELH) surged 14% on strong Q4 results
  • To...heir revenue and adjusted EBITDA forecasts
  • North American revenue increased by 97% YoY, driven by expanded distribution points
  • Management credited higher SKUs per location for revenue growth

International revenue also performed well.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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