Celsius Steals Red Bull's Wings With It's Best Q2 Earnings Ever... (Shares Catapult 12.23%)

For all those Celsius hating investors out there, I hate to break it to ya, but you guys just “F’d around and found out”. In light of all the havoc the global markets have ensued on us the past friggin week, Celsius just flashed everyone its goodies with its best Q2 earnings ever. 

(Source: Bloomberg) 

According to the numbers, Celsius reported impressive revenue numbers of $402 million for Q2 2024, up a staggering 23% from the same period last year. For those of you that hate math, that’s $402 million in revenue compared to $325.9 million back in Q2 of 2023. So yeah, pretty good, eh? 

(Source: Giphy) 

In addition to Celsius proving to the entire world that degenerate 20 year olds still juice up on their backwater flavors, gross profits also saw a healthy jump, increasing 32% to $209.1 million - while profit margins skyrocketed from 48.8% to a solid 52.0%. See: How to optimize freight and cut down material costs effectively… 

(Source: Giphy) 

These numbers easily buried analyst expectation, as expected earnings per share of $0.24 were kicked in the teeth by Celsius’ $0.28 (a nice 17.71% surprise pie). On the other hand, while some critics were claiming Celsius to be the bane of our nutritious existence, revenue numbers also surpassed analysts' projections of $392.74 million while Celsius came out guns a blazin’ with a whopping $401.98 million. 

(Source: Seeking Alpha) 

As expected this has supercharged shares this Tuesday, as Celsius rose to a peak of +12.23% following the earnings numbers. For those keeping score at home, this gives Celsius some of that special juice to work towards breaking its dreadful down trend that started back in May, dragging the stock down -27.34% YTD. (Anyone call Cathie yet? I see a dip buy forming!)

(Source: Tenor)

Now keep in mind, no one really could’ve seen this coming, especially given the mass variety of controversy Celsius has been in the middle of. Not only has Celsius been banned by the NCAA for containing a number of illegal performance stimulants (which doesn’t really mean anything, considering I got in trouble by the NCAA for using creatine… like what?), but our friendly neighborhood TikTokers also made note to slam the energy drink for its alarming caffeinated induced side effects. 

(Source: TikTok)

However, when you get Amazon on your side, well then, all bets are off. You see, one of the main drivers of Celsius’ stellar performance in Q2 came from its partnership with Amazon. And while it was a bold strategy for them Cotton, it certainly paid off as sales from the ecom giant skyrocketed by 41%, hitting nearly $39.9 million in revenue. 

(Source: Seeking Alpha) 

This of course has rivals like Monster and Red Bull checking their own blood pressure as Celsius is now claiming 11.5% of the energy drink market (up 8.7% last year). Understandably, shares for Monster dropped -1.6% on the news of Celsius’ resurgence. 

With that said, it’s also worth noting that while Celsius clearly stuck it to US markets with its recent numbers, it’s keeping the same pace internationally as sales increased 30% year-over-year. 

(Source: Giphy) 

So clearly, Celsius is riding high today as the rest of the global markets are legit punching air this week. However, when it comes to future outlook, not everyone is onboard. For instance, our friends over at Zacks have given Celsius a rank of #5 (aka panic sell) due to recent trends in earnings estimate revisions. 

(Source: Zacks) 

But, and I hate to say it, analysts have been wrong before. According to the earnings call, the consensus for the next quarter is an EPS of $0.30 on $451.56 million in revenue. Meaning if Celsius can keep its current pace, they might just blow the lid off these estimates as well. 

So with that said, as you try everything in your power not to morbidly check on Big Tech today, you may want to keep an eye on Celsius. 

(Source: Giphy) 

In short, if they continue to leverage their Amazon partnership, expand internationally, and outmaneuver competitors, they may just end up stealing Red Bull’s wings and fly even higher in the sky. But of course, only time will tell. 

At the time of this writing Celsius is up +2.44% on the day (down -28.21% YTD). 

Stocks.News holds positions in Amazon as mentioned in the article.