Business
Celsius Holdings Reports Second Quarter 2024 Financial Results
Record second quarter revenue of $402.0 million, up 23% year over year Record second quarter gross profit of $209.1 million, up 32% year over year Second
About this update from Celsius Holdings, Inc.
[{"type":"text","content":"\nRecord second quarter revenue of $402.0 million, up 23% year over year\n\n\nRecord second quarter gross profit of $209.1 million, up 32% year over year\n\n\nSecond quarter diluted EPS of $0.28, up 65% year over year\n\n\n BOCA RATON, Fla.--(BUSINESS WIRE)--\nCelsius Holdings, Inc. (Nasdaq: CELH), maker of CELSIUS®, the premium lifestyle energy drink formulated to power active lifestyles with ESSENTIAL ENERGY™, today reported record second quarter 2024 financial results.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240806461910/en/Revenue (in millions) (Graphic: Business Wire)\n\n\nSummary Financials\n\n\n\n\n\n\n2Q 2024\n\n\n\n\n\n\n2Q 2023\n\n\n\n\n\n\nChange\n\n\n\n\n\n\n1H 2024\n\n\n\n\n\n\n1H 2023\n\n\n\n\n\n\nChange\n\n\n\n\n\n\n\n\n(Millions except for percentages and EPS)\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$402.0\n\n\n\n\n\n\n$325.9\n\n\n\n\n\n\n23%\n\n\n\n\n\n\n$757.7\n\n\n\n\n\n\n$585.8\n\n\n\n\n\n\n29%\n\n\n\n\n\n\n\n\nN. America\n\n\n\n\n\n\n$382.4\n\n\n\n\n\n\n$310.8\n\n\n\n\n\n\n23%\n\n\n\n\n\n\n$721.9\n\n\n\n\n\n\n$559.4\n\n\n\n\n\n\n29%\n\n\n\n\n\n\n\n\nInternational\n\n\n\n\n\n\n$19.6\n\n\n\n\n\n\n$15.1\n\n\n\n\n\n\n30%\n\n\n\n\n\n\n$35.8\n\n\n\n\n\n\n$26.4\n\n\n\n\n\n\n36%\n\n\n\n\n\n\n\n\nGross Margin\n\n\n\n\n\n\n52.0%\n\n\n\n\n\n\n48.8%\n\n\n\n\n\n\n+320 BPS\n\n\n\n\n\n\n51.6%\n\n\n\n\n\n\n46.6%\n\n\n\n\n\n\n+500 BPS\n\n\n\n\n\n\n\n\nNet Income\n\n\n\n\n\n\n$79.8\n\n\n\n\n\n\n$51.5\n\n\n\n\n\n\n55%\n\n\n\n\n\n\n$157.6\n\n\n\n\n\n\n$92.7\n\n\n\n\n\n\n70%\n\n\n\n\n\n\n\n\nNet Income att. to Common Shareholders\n\n\n\n\n\n\n$66.7\n\n\n\n\n\n\n$40.8\n\n\n\n\n\n\n63%\n\n\n\n\n\n\n$131.5\n\n\n\n\n\n\n$72.2\n\n\n\n\n\n\n82%\n\n\n\n\n\n\n\n\nDiluted EPS\n\n\n\n\n\n\n$0.28\n\n\n\n\n\n\n$0.17\n\n\n\n\n\n\n65%\n\n\n\n\n\n\n$0.55\n\n\n\n\n\n\n$0.31\n\n\n\n\n\n\n77%\n\n\n\n\n\n\n\n\nAdjusted EBITDA*\n\n\n\n\n\n\n$100.4\n\n\n\n\n\n\n$78.1\n\n\n\n\n\n\n29%\n\n\n\n\n\n\n$188.4\n\n\n\n\n\n\n$126.9\n\n\n\n\n\n\n48%\n\n\n\n\n\n\n\nJohn Fieldly, Chairman and CEO of Celsius Holdings, Inc., said: “Celsius today reported its best second quarter financial results ever, delivering records in revenue, gross profit and gross margin. Celsius continued to lead the energy drink category, contributing 47 percent of all second-quarter growth, and we believe that we are ...