Celsius Holdings Q3 revenue beats estimates on Alani Nu growth
CELH•Celsius Holdings' third-quarter revenue rose 17% year over year to $847 million, above analysts' $796.01 million estimate. Alani Nu revenue rose 24%, while the CELSIUS brand's revenue fell 6%.
1. Revenue and brand results
Celsius Holdings reported third-quarter revenue of $847 million, up 17% year over year and above the $796.01 million analyst consensus. Adjusted earnings per share were $0.41, and gross profit was $396.30 million. The company repurchased $44.5 million of shares during the quarter.
2. Growth and margin outlook
Alani Nu revenue rose 24%, supported by expanded distribution in PepsiCo's DSD system, limited-time flavors and consumer demand. CELSIUS brand revenue fell 6% amid SKU optimization, shipment timing and softness in the club channel, while international revenue increased 78%. The company expects long-term margin expansion from supply chain and cost initiatives and ongoing benefits from acquisition integration, but said inflation in aluminum and fuel costs is affecting margins.
