Celsius Holdings, Inc. (Nasdaq: CELH) reported a record-breaking financial performance for the second quarter of 2024, with revenue reaching $402.0 million, a 23% increase from the previous year. The company's gross profit also saw a significant rise, up 32% to $209.1 million. Diluted earnings per share (EPS) grew by 65% year over year to $0.28. These results were primarily driven by the North American market and sustained consumer demand growth. The company's international sales also contributed to the strong performance, with a 30% increase to $19.6 million. Celsius' gross margin improved due to freight optimization and lower materials costs, contributing to the overall profitability. The company's management hosted a webcast on August 6, 2024, to discuss these financial results with the investment community. Additionally, Celsius provided a...Show More

Celsius Holdings, Inc. (Nasdaq: CELH) reported a record-breaking financial performance for the second quarter of 2024, with revenue reaching $402.0 million, a 23% increase from the previous year. The company's gross profit also saw a significant rise, up 32% to $209.1 million. Diluted earnings per share (EPS) grew by 65% year over year to $0.28. These results were primarily driven by the North American market and sustained consumer demand growth. The company's international sales also contributed to the strong performance, with a 30% increase to $19.6 million. Celsius' gross margin improved due to freight optimization and lower materials costs, contributing to the overall profitability. The company's management hosted a webcast on August 6, 2024, to discuss these financial results with the investment community. Additionally, Celsius provided a Second Quarter 2024 Investor Presentation, detailing its operational highlights, including a 47% contribution to the energy drink category's growth and a 35% increase in retail shelf space. The company also reported successful international expansion efforts, with sales beginning in the UK and Ireland and strong performance in Canada. Looking forward, Celsius anticipates sales to commence in Australia, France, and New Zealand in the second half of the year.