CELH - Celsius Holdings CEO Sees 'Huge Runway Ahead' As Stock Soars To New Highs | Benzinga
Celsius Holdings Inc (NASDAQ:CELH) shares are soaring to all-time highs Thursday following the company’s quarterly results. Celsius CEO John Fieldly still sees plenty of runway ahead for the energy drink maker.
What Happened: Celsius reported fourth-quarter revenue of $347.44 million, beating estimates of $331.49 million. The company also beat earnings estimates, reporting EPS of 17 cents versus expectations for 15 cents.
Celsius shares are now up more than 38% since the start of the year, and the stock has climbed nearly 140% over the last year. The company’s revenues have been doubling on a year-over-year basis and Fieldly remains as optimistic as ever.
“There’s huge opportunity for us in the category,” Fieldly said Thursday on CNBC’s “Squawk Box.”
“There’s a ton of ...