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$CELH | Insider Sells Nearly $76 Million In Stock At This Energy Drink Company: What's Going On With Celsius Holdings? An insider at Celsius Holdings sold more than $75 million worth of shares, according to recent SEC filings Celsius reported earnings Tuesday morning, missing… https://t.co/IWFrxuFcLs
$CELH -5% (was -10%) on earnings; revenue +37% YoY to $355.7mm, gross margin +730bps YoY to 51.2% EPS $0.27c (21.8% ni margin), so flat ntm P/E is 72x here… obv will continue to grow through EPS thru year. “Miss” was on revenue, but big beat in EPS… high multiple stocks haha https://t.co/YloqCvdnHY
I’ll put out some detailed $CELH commentary in the next 24 hours. I was trimming my $CELH position premarket at $68 when I saw the revenue miss. Then I read the entire report, saw the massive margin expansion and EPS beat, started crunching some numbers and then began buying…
Celsius Holdings Inc. experienced a significant drop in its stock price following its latest quarterly earnings report. The company reported earnings per share (EPS) of $0.27, up 46.2% year-over-year, which exceeded expectations. However, its revenue of $356 million, up 50% year-over-year, fell short of the anticipated $390 million. This revenue miss was attributed to factors such as Pepsi inventory de-stocking and possibly increased promotional allowances paid to Pepsi, though the exact amount of these allowances was not specified. Despite the revenue shortfall, Celsius achieved a gross margin of 51.2%. The stock price fluctuated significantly in pre-market trading, dropping as much as 15% before settling around 5% lower, and needing to catch a bid at 67.25 to rise above 69.