Celsius Holdings, Inc. (NASDAQ:CELH) shares are trading higher Thursday after the company reported fourth-quarter financial results.
Double Beat Fueled By Alani Nu, Rockstar Contributions
The company reported adjusted earnings per share of 26 cents, beating the consensus estimate of 20 cents. In addition, Celsius reported revenue of $721.62 million, beating the consensus estimate of $640.83 million and marking a 117% increase from $332.2 million in the prior-year quarter.
The revenue increase reflected the acquisitions of Alani Nu on April 1 and Rockstar Energy on Aug. 28. Alani Nu generated record fourth-quarter sales of approximately $370 million, benefiting from strong customer demand and increased orders tied to its transition into the PepsiCo distribution system. Rockstar Energy contributed approximately $45 million in revenue during the quarter.
CELSIUS brand revenue declined approximately 8% year-over-year, primarily due to temporary integration-related timing dynamics and order sequencing from the company's largest distributor. The company said these factors created a short-term misalignment between shipments and depletions and were not reflective of underlying retail demand, noting that U.S. tracked retail sales increased 13% for the 13 weeks ended Dec. 28. The company also cited a net positive impact of approximately $25 million related to Alani Nu's load-in to PepsiCo and timing differences with the CELSIUS brand.
International revenue rose 9% year-over-year to $22.1 million, driven by growth in the Nordics and continued expansion in markets including the UK, Ireland, France, Australia, New Zealand and Benelux.
Chairman and CEO John Fieldly said, "With CELSIUS, Alani Nu, and Rockstar Energy, we’re building a scaled Modern Energy portfolio with distinct roles, recruiting new consumers and expanding consumption occasions."
Celsius Shares Climb Higher
CELH Price Action: At the time of writing, Celsius shares are trading 18.26% higher at $59.85, according to data from Benzinga Pro.
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