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BOCA RATON, Fla.--(BUSINESS WIRE)---- $CELH #LiveFit--Celsius Holdings, Inc. (Nasdaq: CELH) will participate in upcoming investor conferences.
CELH builds on its sugar-free edge with bold innovations, fresh flavors and high-impact marketing to fuel growth.
On Aug. 7, energy beverage producer Celsius Holdings (CELH 1.11%) reported quarterly financial results, and the stock is officially on the move. As of this writing, shares are up more than 29% since its report and are hitting fresh 52-week highs above $55 per share.
It's been a refreshingly good year for most investors. You're probably doing pretty well if you owned one or more of the 24 stocks with market caps north of $10 billion that have more than doubled this year.
John Fieldly, Chairman and CEO of Celsius (CELH), talks about the company's recent earnings led by a sales surge following its acquisition of Alani Nu. He notes that female and Gen Z customers are the ones leading the company's growth though a new "movement" in the energy drink space.
Here is how Celsius Holdings Inc. (CELH) and Nestle SA (NSRGY) have performed compared to their sector so far this year.
Celsius Holdings delivered strong Q2 results, driven mainly by Alani Nu's performance, while the core Celsius brand showed concerningly weak growth. Gross margins remain solid but are expected to face pressure in the second half due to higher input costs and Alani Nu's lower margin structure. CELH stock's valuation is fair at current levels, reflecting high expectations for a rebound in the Celsius brand; any underperformance could trigger a correction.
In May, I predicted that a turnaround could be near for Celsius (CELH 3.93%), and the company delivered when it recently reported its second-quarter results. The stock shot higher and has now nearly doubled on the year, as of this writing.
Shares of Celsius Holdings Inc CELH surged to a new 52-week high Monday afternoon, continuing a rally ignited by the company's impressive second-quarter financial results reported last week.
Explore how Celsius' (CELH) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.