Celsius Plunges 18% After Q2 Profit Halves, Revenue Misses by $52M
CELH is trading near its 52-week low of $23.75 (0.2% above the low) on elevated volume (2.9× avg).
Summary
Celsius shares cratered 18% midday after Q2 adjusted EPS of 36 cents missed consensus by 6 cents and revenue of $817.9M fell $52M short. Net profit halved to $55.3M from $99.9M a year ago. The core Celsius brand saw retail sales drop 2%, while Rockstar plunged 13% — only Alani Nu's 56% surge provided a cushion. This follows the Texas AG probe into marketing practices disclosed in June, adding regulatory overhang to the fundamental miss. The stock is now hugging its 52-week low, down 48% year-to-date.
At the time of this announcement, CELH was trading at $23.81 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $6.1B. The 52-week trading range was $23.75 to $66.74. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.