CELSIUS HOLDINGS Reports Third Quarter Earnings for FY2023 on September 30, 2023

🌥️Earnings Overview

CELSIUS HOLDINGS ($NASDAQ:CELH) reported their financial results for the third quarter of FY2023 on November 7 2023, which ended on September 30 2023. Revenue was USD 384.8 million, a 104.4% year-over-year increase, and net income of USD 84.0 million, a 146.2% year-over-year increase.

Price History

On Tuesday, CELSIUS HOLDINGS reported its third quarter earnings for Fiscal Year 2023. The company’s stocks opened at $182.4 and closed at $174.2, down by 1.5% from its previous closing price of $176.9. The performance of the stock was weaker than expected and could be attributed to a number of factors that included an overall decline in the market sentiment since the beginning of the week. It is worth noting that despite the lower than expected earnings, CELSIUS HOLDINGS continues to deliver strong financial performance and is expected to remain profitable in the coming quarters.

The company has also been actively investing in new technologies and expanding its product portfolio in order to capture new market segments. Overall, CELSIUS HOLDINGS is confident that its current strategy will help it achieve sustainable growth and profitability in the long-term. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Celsius Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Celsius Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Celsius Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Celsius Holdings are shown below. More…

Analysis

At GoodWhale, we have conducted an analysis of CELSIUS HOLDINGS‘s financials. According to our Star Chart, CELSIUS HOLDINGS has a high health score of 7/10 given its cash flows and debt, suggesting that it is capable to sustain future operations in times of crisis. Additionally, CELSIUS HOLDINGS is classified as a ‘cheetah’, referring to a company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given its strong growth and medium asset, profitability and weak dividend, CELSIUS HOLDINGS may be attractive to investors seeking to invest for the long-term and have the ability to accept a higher degree of risk. Such investors may include those with a higher appetite for risk such as venture capitalists or private equity firms. Furthermore, CELSIUS HOLDINGS may also appeal to more conservative investors looking for higher potential returns than those achieved by more stable investments. More…

Peers

Celsius Network is a cryptocurrency platform that enables users to earn interest on their digital assets and borrow cash without selling their crypto.

– Monster Beverage Corp ($NASDAQ:MNST)

Beverage Corporation is an American multinational corporation that manufactures, markets, and distributes energy drinks, soda, and juice. The company was founded in 1987 and currently operates in more than 30 countries. Beverage Corporation’s products are sold under the Monster Energy, Hansen’s Natural, and Lost Energy brands. In addition to its own brands, the company also distributes and markets products from other companies, such as Red Bull and Rockstar.

Beverage Corporation has a market capitalization of 53.82 billion as of 2022 and a return on equity of 14.71%. The company’s products are sold in more than 30 countries and its brands include Monster Energy, Hansen’s Natural, and Lost Energy.

– Coca-Cola Co ($NYSE:KO)

Coca-Cola Co has a market cap of 269.63B as of 2022. It is a publicly traded company with a 35.17% return on equity. The company is headquartered in Atlanta, Georgia, and is a provider of nonalcoholic beverages.

– PepsiCo Inc ($NASDAQ:PEP)

PepsiCo Inc is a food and beverage company with a market cap of 254.66B as of 2022. The company has a Return on Equity of 45.25%. PepsiCo Inc is a food and beverage company with a portfolio of brands that includes Pepsi, Gatorade, Quaker, and Tropicana. The company operates in more than 200 countries and employs more than 285,000 people.

Summary

CELSIUS HOLDINGS reported strong financial results for the third quarter of FY2023, with total revenue of USD 384.8 million and net income of USD 84.0 million, both representing increases from the same period in the prior year. The company’s performance during the quarter exceeded analysts’ expectations and provided investors with an attractive opportunity for growth. Investors considering investing in CELSIUS HOLDINGS will likely find it attractive due to its impressive financials and potential for further growth.