Celsius Holdings Logs 117% Sales Surge, EPS Beats, Price Target Raised to $65
The company delivered adjusted Q4 EPS of $0.26, beating estimates by $0.06, while sales reached $721.6 million, up 117% year over year, and adjusted EBITDA rose 113% to $134.1 million. Bank of America upgraded its rating to Buy, boosting the 2026 adjusted EBITDA forecast to $815.9 million and raising its price target from $45 to $65.
1. Q4 Financial Performance
The company reported adjusted fourth-quarter EPS of $0.26 versus consensus of $0.20, with net sales of $721.6 million, a 117% increase year over year, and adjusted EBITDA rising 113% to $134.1 million.
2. Alani Nu Contribution and Distribution
Acquired brand Alani Nu generated $370 million in fourth-quarter revenue, driving the annual run rate to $1.5 billion, and the core North America business secured 17% additional shelf space for 2026, including expansion into a leading beverage distribution system.
3. Analyst Upgrade and Forecast Revision
Bank of America upgraded the rating from Underperform to Buy, raised the price target from $45 to $65, and lifted the fiscal 2026 adjusted EBITDA estimate to $815.9 million from $746 million, while maintaining a low-50% gross margin outlook.
4. Risks and Outlook
Management highlighted ongoing inventory swings between the acquired and legacy brands as a key risk, expecting consistent consumption trends to smooth through distribution noise into late 2025 and support longer-term momentum.