Celsius Holdings Q3 Revenue Tops Estimate

by Shivani Kumaresan, Benzinga Staff Writer

November 11, 2021 3:15 PM | 1 min read | Make a Comment

Celsius Holdings Inc CELH reported third-quarter FY21 sales growth of 157.6% year-on-year, to $94.9 million, beating the analyst consensus of $73.62 million.
Domestic revenue increased 214% Y/Y, and International rose 5%.
Gross profit of $37.7 million rose 115% Y/Y, with a margin of 39.7%, contracting 790 basis points.
Operating expenses rose 159.3% Y/Y to $33.8 million.
Non-GAAP Adjusted EBITDA of $10.1 million increased 51% Y/Y.
EPS of $0.03 missed the analyst consensus of $0.06.
The company held $61.4 million in cash and equivalents as of September 30, 2021.
Price Action: CELH shares are trading higher by 3.07% at $96.77 on the last check Thursday.

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