CELH - Celsius Holdings: Buy This Deep Pullback - Growth Story Remains Robust

2024-06-07 16:00:00 ET

Summary

• Celsius Holdings has seen impressive share gains in the US energy drink market at the expense of its competitors, attributed to successful marketing efforts and strategic partnerships.
• The same has been reflected in its double-digit top/ bottom line YoY growths thus far, with more untapped opportunities in international markets.
• This development supports CELH's premium valuations, further aided by the expanding profit margins, growing net cash, and zero debt on the balance sheet.
• With short interest moderating, CELH is a compelling Buy now, significantly aided by the recent overreaction to May 2024's softer data since it is mostly attributed to a tougher YoY comparison.

We previously covered Celsius Holdings, Inc. ( CELH ) in March 2024, discussing why it might be the next big thing in the global energy drink market, attributed to its impressive share gains against incumbents, such as Monster Beverage Corporation ( MNST ) and Red Bull.

Much of the tailwinds were attributed to successful marketing efforts, strategic partnerships, and expansion in distribution channels, supporting the management's commitment to delivering high growth....

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