Celsius

Future

Million

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div>
<p class="has-drop-cap">Celsius Holdings Inc. (NASDAQ: CELH), a prominent player in the energy drinks sector, has once again made headlines with its exceptional financial performance for the fourth quarter of 2023. The company reported a staggering 95% increase in revenue for the <a href="https://www.celsiusholdingsinc.com/2024/02/celsius-holdings-reports-fourth-quarter-and-full-year-2023-financial-results/" target="_blank" aria-label="fourth quarter (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">fourth quarter</a>, reaching $347 million compared to $178 million in the same period last year. <br><br>This growth was driven primarily by a remarkable 97% increase in North American revenue, which soared to $333 million from $169 million, thanks to the company’s aggressive expansion in distribution points and introducing higher SKUs per location. <br><br>International revenue also saw a significant uptick, a 68% increase to $14.6 million, fueled by new flavor launches and enhanced product availability. Notably, the company’s gross profit margin improved by 340 basis points to 47.8%, which is attributed to more efficient raw material sourcing and reductions in product waste.</p>
<h3 id="celsius-holdings-outperforms-expectations-in-q4-with-0-17-eps">Celsius Holdings Outperforms Expectations in Q4 with $0.17 EPS</h3>
<p>The performance of Celsius Holdings in the fourth quarter notably surpassed expectations. Analysts had projected earnings per share (<a href="https://tokenist.com/investing/fundamental-analysis-stocks/" rel="noopener noreferrer nofollow" class="deco-link">EPS</a>) of $0.15 and revenue of $330.07 million for the quarter. However, the actual figures were considerably higher, with EPS reaching $0.17 and revenue totaling $347 million. <br><br>This outperformance highlights the company’s effective market strategies and operational efficiencies, which have driven revenue growth and significantly improved profitability, as evidenced by a net income of $39 million compared to a net loss of $28 million in the prior quarter.</p>
<div class="cta-referral"><img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
 <div class="cta-referral__text">
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p>
 </div>
</div>
<h3 id="guidance-for-the-future">Guidance for the Future</h3>
<p>Looking ahead, Celsius Holdings remains optimistic about its growth trajectory, supported by strong underlying fundamentals and a focused strategy on increasing market penetration. The company’s record performance in 2023, characterized by a 102% increase in annual revenue to $1.32 billion, sets a solid foundation for sustained growth. With $756 million in cash and cash equivalents by the end of 2023, Celsius is well-positioned to capitalize on new opportunities for expansion and innovation, potentially leading to continued market share gains and enhanced shareholder value.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/record-347-million-revenue-marks-historic-quarter-for-celsius-holdings-celh/">Record $347 Million Revenue Marks Historic Quarter for Celsius Holdings (CELH)</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Record $347 Million Revenue Marks Historic Quarter for Celsius Holdings (CELH)

Table of Contents

Tokenist

Other articles published on Feb 29, 2024

Corporate Interest in Bitcoin Continues! After BlackRock, Another Financial Giant Shows Interest ...

El Salvador’s Bitcoin profits rise 40%, but Bukele says ‘we won’t sell’

Crypto Investment Firm Deus X Capital Agrees To Acquire HAYVN For An Undisclosed Amount

Glassnode: Short-term Bitcoin Holders Are Flooding Crypto Exchanges As BTC Soar

Floki Altcoin Developers Propose Significant Token Burn

Ethereum Price Prepares To Go On Another Bullish Spree, Key Support Intact

Join our free newsletter for daily crypto updates!