Business

Celh Stock Surges After Celsius Posts Record $782.6 Million Quarter

Celh stock jumped in premarket trade after Celsius reported record Q1 revenue of $782.6 million, up 137.7% from a year earlier.

Celh Stock Surges After Celsius Posts Record $782.6 Million Quarter

Celh stock jumped in premarket trading after reported first-quarter revenue of $782.6 million, a 137.7% increase from a year earlier. The energy drink maker said the was the strongest in its history.

North America drove most of the growth, with sales rising 144% to $747.3 million for the period ended March 31. International sales also climbed, increasing 55% to $35.3 million.

The results matter because they show Celsius is still expanding fast even after a quarter that already looked unusually strong. The company said and helped boost the quarter, adding two names to a sales picture that was already moving sharply higher.

That is also where the tension sits. A headline number like $782.6 million can lift the stock, but investors will now have to decide whether that kind of growth is repeatable or whether it was helped by a mix of brands and a quarter that may be hard to match.

For now, the reaction is simple: the market liked what it saw, and the surge in celh stock suggests traders are betting the business can keep turning rapid revenue growth into even bigger sales.

Tags: celh stock
Share this article Tweet Facebook