Celsius Holdings stock surges on record revenue report
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Celsius Holdings (NASDAQ:CELH) stock heated up after the bell on Tuesday after topping Q1 earnings estimates.

The Boca Raton-based beverage company reported $260M in revenue for the quarter, nearly double the figure notched in the prior year and reaching a record for the company. Gross profit for the first quarter jumped more than 100% year over year to $114M while $0.40 in earnings per diluted share more than doubled the consensus expectation of $0.19.

âDuring the first quarter of 2023, Celsius delivered an all-time quarterly record revenue of $260 million in sales and over $34 million in net income, driven by expanded availability and increased consumer awareness. In addition, we continue to further transition into PepsiCoâs (PEP) best in class distribution system,â CEO John Fieldly said. âIn the United States, Celsius is now the established #3 Energy Drink Brand in the category, being the key growth driver over the last 52 week period.â
Shares of Celsius Holdings (CELH) rose 7.04% shortly after the earnings announcement.