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Celsius shares closed Tuesday down 12.8% following reports that new Nielsen data shows the company's sales growth and market share declined in recent weeks. Morgan Stanley analyst Dara Mohsenian reportedly said the data showed that Celsius' sales growth slowed to 39% for the week ended May 18.
Shares of energy drink company Celsius (NASDAQ:CELH) jumped 14% in the morning session after the company reported fourth-quarter results that blew past analysts' revenue and adjusted EBITDA expectations. Notably, topline growth was strong as revenue grew 95% year on year, driven mostly by North American revenue (up 97% year on year). Management noted that the North American business was led by expansion in distribution points and higher SKUs per location. International revenue also came in stron
Celsius shares are trading higher Monday, bouncing back after falling more than 12% on Friday. The company announced an expansion to Canada, the U.K. and Ireland this week.
BofA Securities downgrades Celsius Holdings to Neutral, citing unexpected market share declines and heightened competition. Despite strong U.S. sales and potential, concerns arise about the impact of rival brands like Monster Beverage and Red Bull, posing challenges to Celsius' growth in 2024.
One analyst still sees upside but is less bullish than he once was.