Why Celsius Holdings Stock Soared 35.5% Last Month
Shares of Celsius Holdings (NASDAQ: CELH) gained 35.5% in August, according to data from S&P Global Market Intelligence. The maker of health-conscious energy drinks reported stellar second-quarter results on Aug. 8 and never looked back.
The company's distribution partnership with (NASDAQ: PEP) is paying off in spades. Celsius' second-quarter sales rose 112% year over year to $326 million. The richer revenue flow also drove bottom-line earnings 333% higher. Adjusted earnings of $0.52 per share exceeded the analyst consensus target by 79%, and the top-line result beat the Street target by 19%.
CEO John Fieldly said that the skyrocketing growth rested on "expanded availability and increased consumer awareness." That's the power of having an industry titan by your side, equipped with world-class systems for product distribution and marketing.
Source Fool.com
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