Celsius Holdings Reports Q3 Non-GAAP EPS of $0.41 and Revenue of $847.2 Million, Exceeding Estimates
Celsius Holdings (CELH) reported third-quarter financial results that surpassed analyst expectations on both the top and bottom lines. The company posted a Non-GAAP earnings per share (EPS) of $0.41, beating estimates by $0.07, while revenue reached $847.2 million, representing a 16.8% increase year-over-year and exceeding consensus by $46.54 million. Despite the strong financial performance, market sentiment remains nuanced as analysts weigh the company's recovery potential against external headwinds. While Celsius is positioned for future growth following recent acquisitions, the energy drink sector faces increased scrutiny regarding potential health risks, which may impact long-term consumer perception.
Tickers: $CELH
Topics: earnings beat non-GAAP EPS revenue growth