PEP - Why Celsius Holdings Shares Are Falling Today | Benzinga
Celsius Holdings, Inc. (NASDAQ:CELH) shares are trading lower after the company reported worse-than-expected first-quarter sales results.
The company reported earnings per share of 27 cents, beating the analyst consensus of 18 cents.
Quarterly revenues of $355.708 million, missing the street view of $389.861 million. Sales jumped 37% year over year, driven primarily by the North American business and the company’s success in sustaining consumer demand growth.
Gross profit increased 60% year over year to $182.2 million, ...